IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-981-99-5118-5_23.html
   My bibliography  Save this book chapter

East, West and the New World Order: Point of View

In: Research on Islamic Business Concepts

Author

Listed:
  • Mohamed Abdul-Sattar Jaradat

    (Jordanian Financial Services Syndicate)

Abstract

The resilience of China's economy is much stronger than that of the United States. The US economy decreased from 2.2% to −3.4% compared to a decline of 5.9% to 2.3% for China during pandemic. Unemployment in the US is 6% higher in 2010 and 2% higher in 2021. General Government Debt has reached 134.2% in 2020 for the US comparing with 68% for China. Inflation rate for China is 4.7% in 2021 and 8% in 2022 for the US. Furthermore, China’s M2 is much higher than the US. On the other hand, Average Economic Growth in the last 22 years is 8.37% for China and 1.79% for the US. China’s Unemployment (Averaged for 22 years) is 4.4% compared to 6% for the US. General Government Debt for the US is higher at the same period and Inflation is less for China. Furthermore, US Dollar is in a big bubble, globalization as we know it is changing, and a new world order at the door.

Suggested Citation

  • Mohamed Abdul-Sattar Jaradat, 2023. "East, West and the New World Order: Point of View," Springer Proceedings in Business and Economics, in: Veland Ramadani & Baker Alserhan & Léo-Paul Dana & Jusuf Zeqiri & Hasan Terzi & Mehmet Bayirli (ed.), Research on Islamic Business Concepts, chapter 0, pages 371-378, Springer.
    • Handle: RePEc:spr:prbchp:978-981-99-5118-5_23
    DOI: 10.1007/978-981-99-5118-5_23
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-981-99-5118-5_23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.