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Facing the Challenge

  • Mohamed Rabie
Chapter
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Abstract

The majority of nations in the world, and especially the poor ones and the western industrialized states, face many complicated and largely intertwined internal and external challenges, making it rather impossible to deal successfully with one major challenge while ignoring most others. By the same token, no one is able to describe every challenge in clear terms and prescribe the right medicine to deal with it. However, dealing with any cluster of challenges, such as the global debt crisis and its economic causes, would open new venues to deal with other challenges and ease the overall burden of the current situation. In the following three chapters, I shall focus on issues of particular importance: specifically, the public debt, the China-US trade deficit, the loss of economic competitiveness, and a few more. New ideas will be suggested to deal with these issues with the aim of saving both capitalism and democracy, strengthening the world economy, developing the underdeveloped economies and societies, helping the world’s poor, and rebuilding the middle classes everywhere.

Keywords

Public Debt Debt Crisis Lower Interest Rate External Challenge Underdeveloped Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Mohamed Rabie, The New World Order (Vantage Press, 1992), 18.Google Scholar
  2. 2.
    J. Bradford Delong, “Hopeless Unemployment,” Project Syndicate, July 31, 2012, http://www.project-syndicate.org/commentary/hopeless-unemploymentGoogle Scholar
  3. Jeff Weinberg, “Brad Delong—’Hopeless Unemployment’ in the 1930s & Today,” Commentary and Controversies, September 4, 2012, http://jeffweintraub.blogspot.com/2012/09/brad-delong-hopeless-unemployment-in.htmlGoogle Scholar
  4. Kenneth Thomas, “Basics: Length of Unemployment Is Worst Since World War II,” Middle Class Political Economist, February 19, 2012, http://middleclasspoliticaleconomist.blogspot.com/2012/02/basics-length-of-unemployment-is.html.Google Scholar

Copyright information

© Mohamed Rabie 2013

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  • Mohamed Rabie

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