Us Debt Ceiling
- Submitted by: giangbh91
- Views: 751
- Category: Politics: Economics
- Date Submitted: 06/01/2012 06:46 AM
- Pages: 18
- Report this Essay
RMIT International University Vietnam
ASSIGNMENT COVER PAGE
Your assessment will not be accepted unless all fields below are completed
Subject Code: | BUSM 3311 |
Subject Name: | International Management |
Location where you study: | RMIT Vietnam – Hanoi Campus |
Title of Assignment: | Literature ReviewTopic: The United States debt ceiling crisis in 2011 |
File(s) Submitted | S3177026_Literature review.docx |
Student name: | Truong Viet Hung |
Student Number: | S3177026 |
Student Email Address: | S3177026@rmit.edu.vn |
Learning Facilitator in charge: | Mark PeterSon |
Assignment due date: | 12th September 2011 |
Date of Submission: | 11th September 2011 |
Late Submission Approval | NA |
Number of pages including this one: (Please number your pages like this: page 1 of 7, page 2 of 7, etc) | 15 |
Word Count: (Main Content) | 3026 |
The United States debt ceiling crisis in 2011
Table of Contents
1-INTRODUCTION 3
2-THE US DEBT CEILING CRISIS 4
2.1- Definition of debt ceiling 4
2.2- History of the US debt ceiling 4
2.3- The 2011 US debt ceiling crisis 5
3. Further considerations after debt negotiation 7
3.1- Effects in the US 7
3.2- Effects to the world 9
4. Similarities and differences: 10
5. Conclusions 11
6. References 11
1-INTRODUCTION
The United States of America (the USA or the US) is among the world’s largest and most powerful national economy. In 2010, according to World Bank’s data, the US economy accounted for approximately a quarter of the world’s total gross domestic product (GDP). Even when other countries was struggling under the time of economic crisis, the US still remained its leading status with GDP of 14.5 trillion (World Bank, 2010), which is nearly seven times the size of UK’s economy and three times China’s. As the US Conference board (as cited in Behr, 2009) indicated, the average American worker’s high productivity is around 20 percent higher than that of the average...
ASSIGNMENT COVER PAGE
Your assessment will not be accepted unless all fields below are completed
Subject Code: | BUSM 3311 |
Subject Name: | International Management |
Location where you study: | RMIT Vietnam – Hanoi Campus |
Title of Assignment: | Literature ReviewTopic: The United States debt ceiling crisis in 2011 |
File(s) Submitted | S3177026_Literature review.docx |
Student name: | Truong Viet Hung |
Student Number: | S3177026 |
Student Email Address: | S3177026@rmit.edu.vn |
Learning Facilitator in charge: | Mark PeterSon |
Assignment due date: | 12th September 2011 |
Date of Submission: | 11th September 2011 |
Late Submission Approval | NA |
Number of pages including this one: (Please number your pages like this: page 1 of 7, page 2 of 7, etc) | 15 |
Word Count: (Main Content) | 3026 |
The United States debt ceiling crisis in 2011
Table of Contents
1-INTRODUCTION 3
2-THE US DEBT CEILING CRISIS 4
2.1- Definition of debt ceiling 4
2.2- History of the US debt ceiling 4
2.3- The 2011 US debt ceiling crisis 5
3. Further considerations after debt negotiation 7
3.1- Effects in the US 7
3.2- Effects to the world 9
4. Similarities and differences: 10
5. Conclusions 11
6. References 11
1-INTRODUCTION
The United States of America (the USA or the US) is among the world’s largest and most powerful national economy. In 2010, according to World Bank’s data, the US economy accounted for approximately a quarter of the world’s total gross domestic product (GDP). Even when other countries was struggling under the time of economic crisis, the US still remained its leading status with GDP of 14.5 trillion (World Bank, 2010), which is nearly seven times the size of UK’s economy and three times China’s. As the US Conference board (as cited in Behr, 2009) indicated, the average American worker’s high productivity is around 20 percent higher than that of the average...