24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
BUS 2200 Introduction To Global Business.docx
1. BUS 2200 Introduction To Global Business
Answer:
The American Recovery And Reinvestment Act Of 2009 (February 2009)
President Barack Obama signed this particular policy in 2009 to pull out the USA from the
Great Recession. This policy was implemented successfully and made a huge impact on the
country's economy. This policy impacted the job sector of the country under which it was
able to introduce new jobs for the people and save the existing jobs in the country. This
policy also impacted people's lives by providing temporary relief to those affected by the
Great Recession (Act, Recovery, p. 17). This policy was able to perform well for the economy
of the country.
The positive impact of this policy on the economy and the people's lives was that the major
sectors of the economy we're improved at a very rapid rate. For example, the government
invested more in the infrastructure, healthcare sector, education sector, and renewable
energy sector to revive the country's economy as quickly as possible. Also, some negative
impacts of this policy can be stated that a group of people criticized the government
because of this huge spending in various sectors of the economy, resulting in the reduction
of the government funds very quickly. Also, this policy established by the government of the
USA was able to revive the economy from the Great Recession and resulted in L- shaped
recovery (Carley et al., p. 120). And it is also analyzed that the impact of this Great
Recession on the economy was huge as the unemployment rate took nearly eight years to be
in the position as it earlier was.
Works Cited
Act, Recovery. "The American Recovery and Reinvestment Act of 2009." Public Law 111.5
(2009): pp. 5-30.
https://ja.cuyahogacounty.us/pdf_ja/en-US/R2009VAWAFundingDirectives.pdf
Carley, Sanya, Sean Nicholson?Crotty, and Eric J. Fisher. "Capacity, guidance, and the
implementation of the American Recovery and Reinvestment Act." Public Administration
2. Review 75.1 (2015): pp. 113-125.
https://onlinelibrary.wiley.com/doi/abs/10.1111/puar.12294
