1)What economic policy in the United States do you disagree with?

2)What are the key differences in economic policy, between China and India?

3)Is it accurate to say that you can't have growth, low inflation, and good employment rates at the same time?

 

1)Currently, the biggest policy I disagree with is our trade policy. Tariffs hinder economic growth and hurt areas of the economy other than the sector that is protected. It also forces consumers to pay higher prices for goods. Finally, it encourages other countries to put tariffs on goods exported from the U.S. which hurts exporting companies.

2)The key difference is that China is industrializing the country in a complete-scale whereas India has been integrating its economy to take advantage of the English speaking population. In India, there are 50 million people and half of the population are well educated so this is the best successful policy and in order to become a developed economy, there is need to import technology, investment from outside and free human resources. India problem can be seen internally in which democracy is the only the surface of the problem. The root cause problem is culture and land ownership. Whereas, the communist revolution in china is rising economy with promoting the policy on education, gender inequality, and land ownership.

3)No, the statement is not true; it is possible to have growth, low inflation, and good employment at the same time.

The moderate inflation rate is considered a low inflation rate. If there is moderate inflation in an economy, moderate inflation results in the boost of the economy by increasing the employment rates. This increase in the employment rates leads to high economic production and eventually, high growth in the economy. It is possible with high productivity growth and a stabilized monetary policy in the economy.