strategy
Strengthening national economies
Synonyms:
Improving national economiesRestoring domestic economy
Repairing national economy
Stabilizing national economies
Retooling national economy
Implementation:
As of mid-1988, three main steps were recommended to to enhance growth prospects and reduce the risks of further instability in the financial market and, possibly, a sharp slow down in activity beyond the near term: 1. Credible action to reduce the USA federal budget deficit, leading to a lasting reduction in the country's current account deficit and to lower real interest rates. 2. Maintenance by Japan and acceleration by Germany of the growth in domestic demand through appropriate macroeconomic and structural policies. 3. Further action by the newly industrialized economies of East Asia that were running sizeable current account surpluses to accelerate the growth of domestic demand, appreciate their currencies against the dollar and reduce the degree of protection of their domestic producers. Claim:
Progress towards three goals is necessary to improve the economic outlook in both industrial and developing countries: reducing economic imbalances among industrial countries; restructuring economic policies in developing countries; reducing net transfer of financial resources from developing countries. Narrower:
Diversifying national economiesAccelerating national economic growthStrengthening national accounting systemsRestructuring economic policies in developing countriesReducing economic imbalances among industrial countriesReducing net resource transfers from developing countries Constrained by:
Destabilizing national economiesHiding extent of control of national economies by limited number of individuals Facilitates:
Recovering from national economic recession Facilitated by:
Managing national economyManaging national economyFacilitating economic structural adjustmentLimiting monopoly control of national economiesDisclosing limited control of national economiesProtecting against vulnerability of national economiesProtesting government interference in the national economyExchanging information on national use of economic instrumentsEnsuring sustainability by national development strategy adjustments Problems:
National economic dislocationValues:
Economy Organizations:
Council for Mutual Economic Assistance Subjects:
Amenities → HouseholdsAmenities → Maintenance
Economics → Economy
Development → Reform
Type Classification:
C: Cross-sectoral strategies Related UN Sustainable Development Goals:
