On One of Barack Obama’s Policies(英语论文).doc

On One of Barack Obama’s Policies The United States congress passed the new economic stimulus plan. This is a $780 billion budget plan. The plan is the core of the tax cuts and consumption. We analyze the scheme of the United States of the consequences. We compare the plan with ten years ago southeast Asia economic crisis. Above all, seeing the problem of southeast Asia economic crisis. On the surface, southeast Asias economic crisis is the large international businessmen operating results. The problem is in the following respects. ①To export oriented labor-intensive industrial development advantages, along with the rising cost of labor force and market competition intensifying is falling. The southeast Asian countries and regions the mode of economic growth and economic structure not timely and effective adjustment, cause less competitive, foreign export growth slow, cause the current-account deficit remains high. In 1996, Thailand current-account deficit payments for $23 billion. South Korea is as high as 23.7 billion dollars. ②Bank loans too loose, real estate investment, commercial vacancy rate rose, the occurring of bank. Bad debt, and other non-performing assets increasing inflation. Thailand financial institutions appear factory serious cash flow problems, South Korea several large enterprise insolvency declared bankruptcy, Japan several financial institutions collapse, Indonesia is credit crisis deepens. These economic factors influence on all sides of the markets and the stock market. ③Economic growth relying too heavily on foreign capital, a lot of introducing the foreign capital and lead to increased foreign debt. The Thai foreign debt in 1992 for $20 billion, 1997 years before the currency depreciation has reached 86 billion us dollars, south Korean foreign debt more than 15 00 $.④Exchange rate system rigidity. In recent years of international major currencies dollar has great appreciation, southeast Asian countries and regions of the exchange rate was