Enlightenment On Countermeasures Of American Economic Crisis To China

In2007the U.S. subprime mortgage crisis broke out, the impact of the economic crisis on the global considerable abyss, the U.S.real estate and financial sector collapse across the board, due to economic globalization, the economy of each country in the world have a lot of influence, China as leader of the socialist countries, though, and the Western world compared to the less affected, but the country still appeared sluggish and produce a large number of unemployed people in the community of the financial industry, at this time, let us once again to the economic crisis which a phenomenon sounded the alarm. In today’s increasingly globalized economy, in the face of new economic situation, the capitalist countries of possible future economic crisis is likely to have an impact on our country. Although China is a socialist country, but does not rule out possible economic crisis generated, so the economic crisis on China’s terms of prevention has become very important.In the economic history of the United States, it has experienced many times of economic crisis, which are more representative of the1929-1933Great Depression, seventies and eighties of the twentieth century "stagflation" crisis, as well as2007subprime crisis. These three typical economic crisis on the United States have caused a great impact, making its economy was a big blow. But after the crisis, the United States has taken appropriate countermeasures, the economy can recover again, to prevent any further erosion of the crisis. These countermeasures are more valuable in terms of our experience, enabling the development of China’s economy to get a lot of inspiration. American Great Depression of1929-1933took expansionary fiscal policy and loose monetary policy, Roosevelt took office revitalize the financial sector, to carry out industrial and agricultural support, the establishment of a social security system, and ultimately make the United States out of the crisis. The face of the seventies and eighties of the twentieth century "stagflation" crisis, the U.S. abandoned the total head Reagan policy of Keynesian government intervention before taking a neo-liberal ideology, liberalize markets, stabilize the money supply, a large reduction taxes and appropriate reduction of social security, eventually smooth out of inflation. After the2007subprime mortgage crisis, the United States strengthened financial regulation, real estate and financial industry for providing financial support, as well as the nationalization of some large companies control cooperation of recovery plans on a global scale, also spent the last economic crisis.Through these countermeasures and experience of our economic development has been a great help and learn, and derive a lot of inspiration. China should solve the problem of the gap is too big, attention to coordination with fiscal policy and monetary policy, and actively improve the social security system of financial supervision and risk management efforts to strengthen and so on. Management experience in the United States after the draw, in order to prevent the invasion of our country’s future economic crises, but also made two recommendations, including stimulating domestic demand and improve the entrepreneurial human capital accumulation for the sound development of China’s economy in the future to provide a more favorable environment.