Is global economy totally dependent on the American economy?

India
December 13, 2011 11:19am CST
When American economy is in turmoil, economy of all other countries in the world is adversely affected as a consequence of it proving that the global economy is totally dependent on the financial condition of that country. If it is bad, all others have to suffer, on the contrary, if it is good, others may be benefited out of it. So do you think that for own interests, all other countries in the world should pray to almighty God and always see themselves that American economy remains bright all the time? I think that if it is really so, then it is not a good sign for global economy. What’s your opinion in this respect? What’s the remedy if it is really so? And also do you believe so? Be frank please in your overall response to this query.
1 person likes this
8 responses
@simsim11 (106)
14 Dec 11
After the globalisation, the all economies in the world are interconnected. If there is a problem in any country there is ripples in the all other countries.The impact may differ in different economies. If the economic policy of a country is managed well means the impact of such issues will be very less in that country.For that there should be very good political leadership in that country. So I dont think the American Economy is ruling the world
@anil02 (2886)
• India
14 Dec 11
Hello, it is right that USA economy facing problems. Not one American but economy of moreover Europeian countries are in trouble. Only these country are responsible for but. Economy of USA also affected other countries. But no other help in this metter. Don't worry Indian economy will not affected too much with it.
@sjlskl (3385)
• Singapore
14 Dec 11
The problem is America is the biggest consumer of the world and when they sneeze, the rest of the world catch a cold. The only solution to this is to equally share the consuming demands. I have always hope that China will rise to the occasion. With their massive population, they can share the world's burden. Of course, for it to happen, China got to strengthen their economy to ensure that the average Chinese have the purchasing ability. Of course, it will be better if India could rise too. Then the world will have three superpowers to power the world economy.
@scheng1 (24948)
• Singapore
14 Dec 11
Hi Doctordidi, it is wrong to say that the global economy is totally dependent on American economy. However, American economy is the largest economy in the world. It will have an impact on the rest of the world. I think we are more dependent on the oil producing countries. If ever middle east has a political crisis, we will be in even worse recession than now. We all need the oil from those countries, and cannot afford to have oil sources cut off from our world.
• Indonesia
14 Dec 11
In 2008, America faced the worst economy problem. The problem started in USA and the bed influence spread away to some other countries and Indonesia suffered a bit little. In America itself, thousand of workers become unemployed because new policy of the company have to force them stop working from their job. The system of economy is interconnected by internet. All stock, shares are connected. When one of them got failure, all company felt the same loose every where in the world.
• United States
13 Dec 11
I think I agree with what's been said already, all of the economies of the world are dependent on one another. When one is in jeopardy, they all tend to suffer. I don't think the world's recovery is entirely dependent on just America, there are other countries in the world which are suffering just as much. Even if America recovered, I think it would be awhile before the rest of the world did too.
• United States
13 Dec 11
Everyone is having economic trouble, but America has it bad too because people as well as the government are spending money they don't have, but it's also the unemployment rate, and the people who've just given up looking for a job because they're trying to find something that's not minimum wage.
@peavey (15874)
• United States
13 Dec 11
National economies are so entertwined that no nation can have its ups and downs without affecting the others. America has traditionally been a rich country, lending, giving and exporting to the rest of the world, and when those riches begin to dry up because of its own economic troubles, it affects the world perhaps more than many other nations do, but it's not the only thing the world economy stand upon.