Characteristic of the stimulus package:
Characteristics of stimulus from the Anglo-American block was born after a banking bailout. Due to the global financial crisis started from areas of developed countries, especially big impact on the UK financial markets - the United States, so these countries must choose solutions business rescue compromised heavy losses before and hopefully mitigate the impact of its spread. After temporarily normalize the activity of the banking sector, given the country new economic stimulus programs around. Features of this stimulus package is aimed at stimulating domestic demand, with emphasis on reduction of tariff lines (personal income tax, value added tax, business tax payment delays ...).
Overall, the economic stimulus package and the European American style aimed at renewable maintain employment - market severely affected during crises, and aggregate demand affect society, trying to stimulate private . The direct tax subsidies for business very modest proportion of the economic stimulus package. May call, it is school stimulus individual consumers directly (before this stimulus package the US has ever launched a stimulus program is beating the old car a new car - clash for clunkers).
jack Chinese style bridge Korea is a reconstruction program of infrastructure systems giant. The largest portion stimulus program World Bank (WB) estimated at 586 billion dollars (about 12% of China's GDP in 2009) aimed at building transport infrastructure (including the program Construction of railroads very impressed with the West), rural infrastructure construction, reconstruction after the quake. The rest of this stimulus package aimed at improving technology, building houses, improving health systems, energy and the environment. The package does not go directly to support the business, but also did not go directly to improving domestic demand, which is aimed at spending on large infrastructure projects and the benefits will move into the business quickly more.
- feature of Vietnam's stimulus package located in two interest subsidy package. Vietnam's stimulus package also similarities with the West's economic stimulus package providing tax (as estimated by the World Bank support package for corporate taxes worth 9.900 billion, more than double compared with tax support PIT). Although not clearly shown, many items of economic support of Vietnam in 2009 and aimed at some kind of infrastructure, as an advance for the 2010 budget some projects, moving investments from 2008 plan to 2009. On the other hand, notable characteristics of this stimulus package is combined fiscal spending (subsidies) with monetary policy - as seen as real interest rates have fallen into force of the clause In corporate loans go a further 4%, a policy of reducing interest rates in the business area, not for the whole economy - money and interest subsidy obtained from the foreign exchange reserves rather than budget. But the most prominent and largest impact on Vietnam's economy is still the interest subsidy package of Vietnam
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