2007-03-30 01:14:37 · 10 answers · asked by meskerem m 1 in Travel ➔ Asia Pacific ➔ Philippines
Today, we can say that USA has the what we call "Economic Power" everything in the market is affected by their economy. Once a problem occures in US economy, it is also felt in the whole world, remember, we base our money to US$
2007-04-02 01:13:08 · answer #1 · answered by john 5 · 0⤊ 0⤋
It means that whatever happens to USA economy, whether good or bad affects the entire world. USA is the world's biggest consumer therefore the decline or increase in consumption will affect labor, production and raw materials elsewhere. There are a lot of products that they buy in the US that many people in other countries can't. Americans still own most of the cars, recreational vehicles (RV), planes and yatchs. Americans buy new clothes every season. Just remember that there are 4 seasons in a year. Not many countries do the same.
2007-03-30 11:53:49 · answer #2 · answered by ohioan_femme 5 · 1⤊ 0⤋
This expression was first heard just before World War II at the end of the Great Depression. I'm not sure, but it could have been Winston Churchill who said it. In any case, slight changes in the US economy can have much larger effects on the economies of other nations, which supply the goods that Americans purchase.
2007-03-31 01:18:34 · answer #3 · answered by Rick 4 · 0⤊ 0⤋
Think it came from wall street and the stock exchanges, but was probably more like "When wall street sneezes, The whole world wipes its nose"
2007-03-30 15:04:06 · answer #4 · answered by divevisayas 2 · 0⤊ 0⤋
If the economy in US declines by a few percentage points, the economy in other countries suffers worse.
Bear in mind that US now has 300,000,000 consumers.
2007-03-30 08:20:11 · answer #5 · answered by ed 7 · 1⤊ 0⤋
maybe it means that when the USA, a country with a great power declines, many countries would decline too and these countries get the bigger and more dangerous effect.
2007-03-30 11:39:01 · answer #6 · answered by Anonymous · 2⤊ 0⤋
It means, whatever bad condition US gets, the world gets it worse. The opposite isn't true though, and it doesn't work inversely either.
2007-03-31 12:15:48 · answer #7 · answered by Tammy 4 · 0⤊ 0⤋
you made that up, I have never heard of it....besides, no less than two spelling errors and a huge grammatical error here.
2007-03-30 09:16:21 · answer #8 · answered by Curious_Yank_back_in_South_Korea 7 · 2⤊ 0⤋
The answer is...don't question it...just believe it.
2007-03-30 19:53:42 · answer #9 · answered by diazon2002 2 · 0⤊ 0⤋
I don't know my friend, I think is is a bell full talk
2007-03-30 08:58:42 · answer #10 · answered by boy_jam_arch 6 · 0⤊ 2⤋