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Capitalising Economic Power in the USIncubating the Crisis: Bush Junior Back to the Old Economy

Capitalising Economic Power in the US: Incubating the Crisis: Bush Junior Back to the Old Economy [This chapter describes the economic conjuncture and the main changes in the American approach to industrial development during the Bush Junior administration. With the rise of China and other emerging economies, the WTO system, as a regulatory framework of the international trade, started to struggle to multilaterally impose its rules. Furthermore, at national level, the election of Bush Junior meant an economic growth driven by military public demand and by a growing public debt, with important spending cuts for some of the major technology programmes. This chapter analyses these changes as the main factors which led to the outbreak of the global financial crisis.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Capitalising Economic Power in the USIncubating the Crisis: Bush Junior Back to the Old Economy

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2019
ISBN
978-3-319-76647-8
Pages
127 –147
DOI
10.1007/978-3-319-76648-5_6
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter describes the economic conjuncture and the main changes in the American approach to industrial development during the Bush Junior administration. With the rise of China and other emerging economies, the WTO system, as a regulatory framework of the international trade, started to struggle to multilaterally impose its rules. Furthermore, at national level, the election of Bush Junior meant an economic growth driven by military public demand and by a growing public debt, with important spending cuts for some of the major technology programmes. This chapter analyses these changes as the main factors which led to the outbreak of the global financial crisis.]

Published: May 26, 2018

Keywords: Military public procurements; National security; Public debt; Bush Junior; Emerging industrial power

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