Page 216 - Accelerating out of the Great Recession

INDEX

Germany: protectionism, 43–50
“cash for clunkers” program in, 106 for recapitalization, 13–14
executives’ expectations of eco- regulatory growth, 50–52
nomic growth in, 33 reindustrialization attempts, 40–43
industry development plan in, 42 Great Depression, 77–78, 85–87
industry structure in, 27 automotive industry during, 78–84
manufacturing sector in, 40 compared to Great Recession, 5
and protectionism, 46, 49 household debt during, 22
trade surplus in, 26 Great Recession, xiii–xix, 3–34
Global capital market, Great U.S. consumers’ effect on, xiii–xiv
Recession and, 9–12 and banking sector, 12–19
Global challengers, 158 causes of, 5–9
Global credit markets, losses in, and CEOs’ agendas, xviii–xix
12–13 and consumer debt, 20–25
Global economy (see World/global economic aftermath of, 3–5
economy) executives’ expectations for shape
Global GDP, xiii of, 33
Global Trade Alert, 44 and executives’ expectation of slow
Global trade flows: growth, 32–34
during Great Depression, 86 and prior global capital market
and Great Recession, 25–28 growth, 9–12
and protectionism, 43–46 and global trade flows, 25–28
rebalancing, 25–28, 157 as opportunity, 61
Globalization, 37 and profit levels, xvi–xvii
redefinition of, 157–160 recovery from, 29–32
and the social contract, 160–161 and significance of low-growth
“Glocalization” model, of GE, 158– economy, xvi
159 and views of economic growth, xii,
GM (see General Motors) xiii
Government intervention, 36–52 Greece:
to avoid debt-deflation spiral, protectionism in, 47, 48
67–68 trade deficit of, 25
in banking system, 14–19 Green technology, 42, 43
effect of low-growth economy Gross domestic product (GDP):
on, xv and credit supply, 19
and effects on Great Recession, 4 effects of Great Recession on, 4
factors driving increase in, 37–38 global, and U.S. consumer, xiii,
fiscal and monetary, 38–40 20, 28
government ownership of compa- government spending as percent of,
nies, 50 86, 122
making the most of, 121–125 during Great Depression, 85
as new reality of business, 160 and U.S. “stress test,” 14–15

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