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Economic growth is almost always desirable as being in the best interest of the most people.  Economic stagnation or negative growth – in other words, the economy actually contracts – create financial misery for the overwhelming majority of citizens of a particular country.  The reason the phrase “almost always” was used in the opening statement, however, is that there are circumstances under which governments or individual sectors of economic activity actually hope for adverse economic trends.  In the case of governments, slow or nonexistent growth may in rare instances be an objective of economic policy.  Economic contraction may not be the goal, and probably isn’t, but adverse economic conditions may be seen as a short-term remedy for long-term economic outlook. Such was the case during the administration of President George W. Bush. 

U.S. economic dominance has been tied in no small part to the strength of the U.S. currency, the dollar, relative to currencies of major...

(The entire section contains 540 words.)

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