An integrated solution to a dual crisis: An assessment of Green New Deal policy

The world faces major economic and environmental crises. The economic difficulties, triggered by a glut of American subprime loans, nearly paralysed the United States and devastated manufacturing in Japan, a country largely dependent on exports. Corporate performance around the world recorded the biggest drop in the post-war period, but recovered through restructuring. However, the employment situation is still in crisis. To deal with these difficulties, the United States elected its first African American president, Barack Obama, with a mandate to resurrect the American economy. In Japan, the new Democratic Party of Japan has taken over government to cope with this crisis.

Related Subject(s): Economic and Social Development