1.How do you explain the remarkably strong performance of the U.S. scrimping during the mod-fashioned 1990s? there were three main factors that contributed towards the comfortable U.S. miserliness during the late 1990s: technological innovation, organizational changes in melody, and public policy. During the late 1990s, the U.S. economy experienced a atrocious growth in productivity, especially in the physical exertion of breeding technology (IT). This growth gave a boost to the economy and live standards in the U.S. Labor productivity was enhanced by the use of IT capital throughout the economy, in areas such as figurer hardware, software, and communications equipment. As part of this ?New Economy,? there was a combination of entrepreneurship and the Internet that allowed companies to achieve very efficient business models. Entrepreneurs employ changes in business organizations, reconfigured their existing businesses and started new ones. There seemed to be a driving force behind this economy where pack aimed for efficiency, which helped to hold prices down and kept inflation bewitching much non-existent. The strong economic growth gave people a positive outlook, which led to a boost in investment funds spending as well. Incomes were on the rise, and so was the standard of living. As interest place and unemployment fell, it made it so much easier for people to finance all different kinds of activities.
Low interest rates helped keep the stock market strong, allowing companies to lower their cost of capital. During the late 1990s, strong investment led to rapid growth, and fewer nest egg needed to go towards financing the public debt. The Clinton administration implemented policies and strategies that were based on fiscal discipline. Investment was made in people and technologies, and markets were opened up both at basis and abroad. An institutional framework was developed that supported global integration. This new environment that resulted was one that...
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