Skip to main content
Article thumbnail
Location of Repository

1 The International Economy and Prospects for Developing Countries



Macroeconomic stimulus, a rebound from a record trough in the high-tech sectors and a bottoming-out of inventory cycles, brought large parts of the global economy onto a recovery path at the end of 2001. Lower interest rates helped keep consumers ’ demand for durable goods strong. Together with fiscal easing, that demand provided support for the rebound in the United States and, to a lesser extent, in some East Asian and European countries. High-tech markets—in which technologies quickly become obsolete—returned to strong growth by creating replacements for old products. Inventory selloffs ceased, thereby contributing to an acceleration of gross domesti

Year: 2011
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.