Trickle-Down Global Economics: World Already Saw U.S. Influence as Negative

Reply Wed 8 Oct, 2008 09:53 am
Trickle-Down Global Economics: World Already Saw U.S. Influence as Negative
by Richard Wike, Associate Director and Erin Carriere-Kretschmer, Senior Researcher, Pew Global Attitudes Project
October 7, 2008

Around the globe, people are anxiously following the U.S. financial crisis as it evolves into a worldwide meltdown. People nearly everywhere realize that what happens in the American economy can have a big impact on them. But even before this fall's financial crisis, a 24-nation Pew Global Attitudes survey conducted in March-April 20081 found that many in other countries already felt the U.S. economy was having a negative impact on their own country's economy. The survey also found that publics around the world were giving their national economies increasingly negative ratings. With the U.S. receiving at least some of the blame for the world's increasingly dour economic outlook, this adds yet another challenge for America's global image.

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cicerone imposter
Reply Wed 8 Oct, 2008 10:06 am
As I've said many times in other threads, when the US coughs, other countries will catch a cold. That's been true for many decades when the Thai baht currency problem affected the world economy, so we have seen the tail wag the dog. Many people fail to understand how the economics of this world has changed since that time; international trade is a common form of commerce where foreign countries own and run businesses in other countries.

This interrelationship of commerce is here to stay.
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