Document Type
Article
Disciplines
Business | Business Administration, Management, and Operations | International Business
Abstract
This is a research of the literature concerning American sovereign debt and possible effects on world capital markets. The American sovereign debt components were analyzed in the context of their present and future implications to worldwide capital markets. The American political situation was examined with possible outcomes of governmental service reduction and/or tax increases for debt reduction. The American political situation was also examined for possible outcomes of American business tax regulatory reforms that could entice businesses to inject capital into the economy spurring possible economic growth and capital formation. Together, these findings suggest that, in the short term, the lack of political will in America concerning the sovereign debt issue will continue to have negative effects on world capital markets and long term inactivity could lead to more serious issues.
Recommended Citation
Imel, Phillip, "The American Debt Crisis and the Effect on World Capital Markets" (2012). Faculty Publications and Presentations. 15.
https://digitalcommons.liberty.edu/busi_fac_pubs/15
Included in
Business Administration, Management, and Operations Commons, International Business Commons
Comments
Presented at the G-8 Tendencies in World Economic Relationships Conference in Ekaterinburg, Russia. October 2012.