Important current events comes to international economy Essay

Important current events comes to international economy - Essay ExampleFor instance the unify States was experiencing economic recession where the dollar lost value and this shake the economy as a whole. Life became expensive for Americans and businesses were greatly affected. This economic recession in like manner affected the relations between the United States and other countries. William & Wayne (345) land that the Europe and the United States argon very good partners hence a change in either the dollar and the Euro affects both countries. This is mainly because the two currencies are correlated hence a drop in value of either currencies will affect the other.The overall fall in the value of the dollar is also blamed on the political decisions that have been made. Political instability in the United States was mainly caused by the difference in political ideologies between the Democrats and the republicans. racial discriminations was also to blame for the political unrest that led to the overall fall in the dollar. William & Wayne (267) point out that the large economies are interdependent. For this reason countries should be diligent and ensure that the economic is stable enough to attract practiceors. A lot of investors pulled out from the United States and Europe because of the fluctuations in currencies. For instance China decided to invest in Africa to minimize their losses as the African economy was not affected by the fall in the dollar as Africa is a wizardly economy (William & Wayne, 209).Local Industries were greatly affected by this recession as America and Europe had to borrow to sustain its economy and this put them into debt. William & Wayne (459) outline that the United States mainly deals with agricultural products hence it feeds other counties such as Japan among others. On the other hand, Japan is made up of the manufacturing industry this shows that that one hoidenish cannot do without the other. In this case the fall in the dollar greatly affected the Japanese Yen. It is therefore important for all economies to