Question
I just need help understanding this question. please homework question why would the long term decline in productivity in Britain (referenced in the Ip article)
I just need help understanding this question. please homework question
why would the long term decline in productivity in Britain (referenced in the Ip article) be made worse by the 2007-2008 financial crisis? That is, what, if any,connectionis there between economic growth and the financialsector (as part of your discussion, please consider/analyze the article entitled "A SpecterIs Haunting Europe's Recovery Zombie Companies"?(The article is a few years old and written, like most of the attached articles, before the current pandemic but it does, I hope, illuminate some very important ideas.In that regard,you may also want to consider the following quote fromBenBernake, the former Chairperson of the Federal Reserve, who, incontrasting the current economic contraction to past contractions, stated that"the breakdown of the financial system was a major reason for both the Great Depression and the 2007-09 recession, [but today] banks are stronger and much better capitalized." Why does the "wherewithal" and "efficiency" of thefinancialsystem matter (so much)?)
here are the articles that it refers to if you're interested in reading them.
https://s3.amazonaws.com/blackboard.learn.xythos.prod/5849b9bae4172/3466623?response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27A%2520Specter%2520Is%2520Haunting%2520Europe%25E2%2580%2599s%2520Recovery_%2520Zombie%2520Companies%2520-%2520WSJ_3_%25281%2529.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20200522T180000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAIL7WQYDOOHAZJGWQ%2F20200522%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=de05a41021b7e3b0953a5eb876c321e7a769778d77c3aa7fa66f4dad6048c724 (just copy and paste the link) Zombies article
https://s3.amazonaws.com/blackboard.learn.xythos.prod/5849b9bae4172/7687631?response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27Why%2520IP%2520Rights%2520Protection%2520Matters%2520for%2520Growth%2520_%2520St.%2520Louis%2520Fed.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20200522T180000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAIL7WQYDOOHAZJGWQ%2F20200522%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=8fb3f0b49b1e01b91c6458c9ddcc5e9fc68d40de6c84b8d07f86731a4e14c9db IP article
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