- Global Economic System and Domestic Policy

Mitsuhiko Iyodau

Romanian Distribution Committee Magazine, 2010, vol. 1, issue 2, 15-17

Abstract: Even though the World economy is interlocked, each country has its own culture, and its economic structure and system are not always the same. In the authors opinion, the prolonged Japanese stagnation is caused , on one hand, by the failure of many economists and policy authorities in recognizing the seriousness of stock adjustment and, on the other hand, by Japans poor adjustment to worldwide globalization. Rawls difference principle is also advocated, with an emphasis on the importance of the governments strong policy stance.

Keywords: global economic system; domestic policy; world economy (search for similar items in EconPapers)
Date: 2010
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