2007-04-02 01:19:38 · 6 answers · asked by Veronica C 2 in Politics & Government ➔ Other - Politics & Government
There is no simple answer to that. And in what way do you mean progress? Growth, stability, GDP, it all depends on what you are looking for.
Everything is cicular, you can't just look at say a 5 year period and say the economy hasn't grown. Because many times the economy will grow outside what it is capable of sustaining, then need to catch up. Like the dot-com boom of the 90's. The economy grew so much too fast, and the bubble eventually burst, then it took a couple years for the economy to catch up. You can't blame anyone for the economy bursting, just like you can't credit anyone for the economy booming, it was technology. New technologies became very affordable very fast.
In some cases, the government may close their system, like the Soviet Union and eventually it collapses as the free markets move so far ahead. Or the government will tax too much, and its citizens don't have the money to spend it on anything that will stimulate growth.
In the late 1800s and early 1900s our economy grew stagnant as we had a huge influx of immigrants. On the surface it seems as though immigrants could help the economy by having more buying power, but that wasn't the case. Immigrants took a lower wage forcing people making more money out of work, thus putting less money into the economy. Also immigrants tended to buy goods and services from their own fellow immigrants, basically creating several small closed economies not contributing to the growth of the overall economy. As more and more immigrants needed goods and services outside of their communities and made more money as the became educated they economy jumpstarted.
Overall, there are several things that could lead to no progress, but each situation is unique.
2007-04-02 01:37:11 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Gordon Brown
2007-04-02 02:26:51 · answer #2 · answered by LongJohns 7 · 0⤊ 0⤋
Maybe no one. Your question makes an assumption: that some one should be to blame.
Take the country of Tonga for example. Who determines that it is not progressing and that it should progress from where it is?
2007-04-02 01:25:30 · answer #3 · answered by regerugged 7 · 0⤊ 2⤋
Blame the stupid peasants. If the economy still does not improve, machine gun the whole lot of them.
2007-04-02 01:22:57 · answer #4 · answered by Anonymous · 0⤊ 1⤋
George W. Bush
2007-04-02 01:28:45 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Most of the time it's due to the incompetence, mismanagement, and corruption of the Government in power.
2007-04-02 01:29:18 · answer #6 · answered by Chroma 4 · 1⤊ 0⤋