Explain Why Macroeconomic Policies That Are Coordinated Can Enhance Economic

question 79

Essay

Explain why macroeconomic policies that are coordinated can enhance economic growth,but why policies that are not coordinated can increase global imbalances.

---

Definitions:

Power Distance

A cultural dimension that reflects the degree to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Consensus-Oriented

A decision-making process that seeks widespread agreement and support among all stakeholders or group members.

Status

The relative social, professional, or other standing of someone or something, often influencing respect, influence, and access to resources or opportunities.

Achievement-Orientation

Achievement-orientation refers to an individual's or organization's focus and emphasis on setting goals and achieving results.