Browsing by Subject "Recession"
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Item Best practices for economic development in metropolitan areas in post-recession eras(2016-05) Conte, Gregory Robert; Wilson, Robert Hines; Gawande, Kishore S., 1959-Metropolitan areas have established themselves drivers to the national economy, and contributors to the overall global economy. For instance, of the 3 million U.S. jobs created in 2014, 94 percent were produced in metro areas. As citizens leave rural areas to find work and prosperity in more urbanized centers, policymakers in these regions are beginning to recognize that their policies and strategies have the tendency to resonate further than intended. The Great Recession of 2007-09 devastated many local economies as regional areas found themselves unprepared as they picked up the pieces from their broken economy. This report argues that metro areas, while still producing collaborative economic development plans, need to also reflect upon previous post-recession eras and proactively prepare for the next national turndown. While no metro area is recession proof, policymakers and stakeholders have a responsibility to insulate their areas as best as possible from proceeding recessions and this concern is often an afterthought.Item Understanding and profiting from the recession of 2007-2009(2009-12) Frisch, Andrew Harman; Duvic, Robert Conrad, 1947-; Ambler, Tony“The charm of history and its enigmatic lesson consist in the fact that, from age to age, nothing changes and yet everything is completely different.” – Aldous Huxley Aldous Huxley perfectly captures the elusive nature of how difficult it is to analyze history to gain insight to the present and future. Especially because the recent exponential growth in information and technology seem to be changing how the world operates. In actuality though, the same patterns continue to reappear. This paper strives to look back and first understand on a macroeconomic level what causes the business cycle of expansion and recession. Particularly, what historically triggers recessions and what are the consequences of those recessions? Using this historical knowledge, this paper will leave the reader with a better understanding of how a company can grow and thrive in the current difficult economic climate. Even though the expansion/recession cycle is still prevalent today, the affects of these swings during the 1980’s and 1990’s were dramatically reduced in what historians call “The Great Moderation”. The potential reasons for this moderation will be examined and their validity evaluated. This historical perspective combined with an understanding of more recent events allows for this paper to create recommendations for companies to help navigate the stormy economic waters ahead as we try to recover from the current recession. These recommendations hinge on policy advisors and politicians heeding the advice of the past. Lastly, I will explore potential alternate outcomes given poor fiscal and legislative policy by the ruling elite.Item When the recession came to Texas(2011-05) DeCanio, Geoffrey Stephen; Todd, Russell; Minutaglio, BillFor years, Texas’ economy seemed to be insulated from the economic uncertainties faced by the rest of the country. But now, reeling from deficits, the strains of immigration, and a troubled housing industry, Texas is confronted with the realities of trying to survive and thrive in the midst of recession. May still believe Texas plays by a different set of economic rules. Contrary to this opinion, the Texas economy is neither inherently better nor more resilient than any other part of the country. In the global economy, Texas has no particular advantage over any other state. The year 2011 is a defining one for Texas. Its legislature will not meet again until early 2013, and the policies it decides upon now will have an incredible influence on the nature of its economic recovery. Texas remains at an economic crossroads.