Resolved: The United States federal government should substantially increase its economic and/or diplomatic engagement with the People’s Republic of China
AC AT Global Economy #4—Economies Improving
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2AC AT Global Economy #4—Economies ImprovingThey say the economy is strong, but [GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]
[PUT IN YOUR AUTHOR’S NAME] It’s much better than their evidence because: [PUT IN THEIR AUTHOR’S NAME] [CIRCLE ONE OR MORE OF THE FOLLOWING OPTIONS]: (it’s newer) (the author is more qualified) (it has more facts) (their evidence is not logical/contradicts itself) (history proves it to be true) (their evidence has no facts) (Their author is biased) (it takes into account their argument) ( ) (their evidence supports our argument) [WRITE IN YOUR OWN!]
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ [EXPLAIN WHY YOUR OPTION MATTERS BELOW] and this reason matters because: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Profit Confidential, May 2016 [financial news and opinion site, all information is cited from other sources, “Reality Check: These 3 Numbers Point to a Global Economic Collapse”, May 15, http://www.profitconfidential.com/economy/reality-check-these-3-numbers-point-to-a-global-economic-collapse/] On Friday, several economic indicators sent a warning sign that the economic collapse is almost here. To put it mildly, the numbers don’t look good. They tell a story of an economy plagued by weakness and indecision. Here are a few of the worst indicators: China Slowdown Spreads Past Mainland: Our first indication of an impending economic collapse came from the Far East. Hong Kong’s economy contracted in the first quarter of 2016, shrinking 0.4% from the previous quarter. Economists had been expecting growth to remain positive, but have those glorified fortune-tellers been right about anything? Another quarter of negative growth would put Hong Kong officially in a recession. It is yet another piece of evidence that China’s crash is on the horizon. (Source: “Hong Kong’s Economy Unexpectedly Contracts in First Quarter,” Bloomberg, May 13, 2016.) Eurozone Outlook Worsens: Those of us who really pay attention to economic data have noticed a weird pattern that should concern everyone. Government officials have a system of cloaking the economy’s weakness when they have something to hide. First, they publish really bullish estimates on the economy. Next, they “revise” those estimates downward by a few points so the “official” numbers will look better by comparison. After a few weeks, even the “official” number is revised downward. For instance, eurozone officials just clarified that the European economy didn’t actually expand at 0.5% in the first quarter of 2016—it was more like 0.4%. But they could keep lowering those numbers in the future. It’s a sleazy trick. (Source: “Eurozone growth estimate revised down a notch,” BBC News, May 13, 2016.) Britain’s Got the Blues: Political landmines are another reason the global economy is tanking, and there’s no better proof of that than in Britain. The upcoming referendum on whether or not to stay in the European Union is causing a lot of uncertainty. During the month of March, construction spending fell by 3.6% in the U.K. It’s fairly obvious that businesses are sitting on their cash until the result is clear. (Source: “UK construction sector suffers sharp slowdown,” The Guardian, May 13, 2016.) Dear readers, if you should take away anything from this article, let it be this: there are no safe havens anymore. The entire world economy is being dragged down by rogue central bankers and their political cronies. All major economies are slowing, but unlike 2008, China won’t be here to save the day. That’s right—although liberal policymakers in D.C. try to take credit, it was really Chinese demand that kept the world turning. And how did China keep its economic engine running? With credit, of course! Chinese corporations borrowed heavily to prop up economic output after 2008, spending money that they didn’t really have.
Council on Foreign Relations, February 2016 [International, bipartisan organization, “Xi Jinping on the Global Stage Chinese Foreign Policy Under a Powerful but Exposed Leader", February] Some analysts are skeptical that the situation is quite so serious. In their more sanguine view, economies naturally slow as they get bigger and China’s economy is already twice as large as it was seven years ago. Mathematically, this means that even if growth slows to half its previous pace, it will still generate income gains that are just as large in absolute terms. This fact, however, by no means guarantees political stability. Even if some Western economists believe that 5 percent growth is healthy, that is no guarantee or even likelihood that Chinese citizens or Chinese elites will agree. First, the distribution of China’s economic growth matters enormously. Given China’s exceptional and widening inequality, the benefits of economic growth do not easily benefit the average citizen. Second, citizens who have known rapid income growth for their entire working lives will be disappointed at the slowdown— especially if it leads to layoffs and higher unemployment that actually worsen the average quality of life. Signs of unrest already abound, with labor disputes and “mass incidents” on the rise, as noted earlier.27 Finally, widespread corruption, environmental degradation, pervasive societal inequality, and repressive autocracy are more palatable when incomes are climbing quickly; when they are not, these simmering issues can boil over into protest. Senior Chinese leaders clearly think in such terms, many—including former Premier Wen Jiabao—having previously stated that 8 percent growth is needed to maintain social stability.28 Such growth is no longer attainable, and at a senior conclave of top Chinese economic officials held in December 2015, many acknowledged the possibility of stagnant growth for years to come. Directory: wp-content -> uploads -> 2015 2015 -> Police Militarization 2015 -> 2015 ihbb championships: hs history Bowl Round 4 – Prelims First Quarter 2015 -> Wrtp/big step · 3841 W. Wisconsin Ave., Milwaukee, wi 53208 2015 -> Rao bulletin 1 December 2015 html edition this bulletin contains the following articles 2015 -> Darton College 2015 -> Training Workshop on Planning and Implementation of Multi-Sectoral Development Programme (MsDP) in Bihar Date : 6th 2015 -> Rao bulletin 15 June 2015 html edition this bulletin contains the following articles 2015 -> Rao bulletin 1 September 2015 html edition this bulletin contains the following articles 2015 -> Rao bulletin 1 August 2015 html edition this bulletin contains the following articles 2015 -> Science, and transportation united states senate Download 2.62 Mb. Share with your friends:
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