New Non-American Stimulus Plan

Madeline Moton

Like the United States, Japan too is spending over 100 billion dollars on an economy stimulus plan. As expected within relations between other countries, Japan was severely effected by the U.S recession, and according to the article put out by CNN Japan has been hit hard by the global financial slump. This U.S-turned-global recession has effected many countries, and especially Japan, which is one of the U.S largest importer. In addition to this stimulus plan aiding Japan in the world recession, the plan is also expected to boost the popularity of Prime Minister Taro Aso's government.

A negative aspect however of this stimulus plan is that it is only short-term. They hope that it will have lasting effects, but the chances of that are very unlikely. Another negative is that the Japanese government has had to attempt to reduce the public debt (which is one of the highest in the world), and probably will not succeed.

Many questions arise as to how and why countries like Japan and the United States get into devastating recessions such as the current ones. Questions like why is Japan in so much public debt? And how can a country still function with so much money debt? The answers however to these questions I believe are nonexistent. Maybe recessions are so frequently occurring because of the current system of international relations. The anarchic system works in many ways as does it not work. The problem however needs to be addressed quickly and effectively because as everyone can see, once one high-powered country goes into a recession, every country it has connections and relations to will suffer in some manner. Many suggestions of a world Democracy have been stated, but the only problem is whether or not it will work as promisingly as it has is the United States and other countries. The one thing that is needed is the total and overall cooperation between ALL the competing powers, because without that, the system will be ineffective.