Global Economy: Asia-Pacific 1-2 paragraphs each A study of the global economic impact of the XXXXXXXXXX recession on the global economy conducted by the Economic Policy Institute (http://wwwepiorg/)...

Global Economy: Asia-Pacific

1-2 paragraphs each

A study of the global economic impact of the 2008-2009

recession on the global economy conducted by the Economic Policy Institute

(http://wwwepiorg/) has shown that as of January 2010 the United States

economy shrunk 5 percent compared to the pre-recession period At the same

time, the Asia-Pacific region grew by 14 percent

What are the reasons for the decline of the US economy and

the growth of Asia-Pacific?

What consequences does this have for the global balance of

power?

What do you think should the US Government, businesses and

the labor unions do to reverse this trend?