11 février 2009

Leçon d’histoire Économie En Vidéos États-Unis Récession

Si les médias québécois ne vivaient pas sous la chape de plomb de la pensée unique, voici ce qu’on vous montrerait:

Soit on pose l’avion dans la rivière Hudson, soit on s’écrase en plein milieu de New York en tentant de rejoindre l’aéroport.

11 février 2009

Dans le rouge Canada Économie En Chiffres Québec

Cette semaine Statistique Canada a publié le bilan des finances publiques provinciales pour l'exercice financier se terminant le 31 mars 2007 (les plus récents chiffres disponibles). Voici les faits saillants:

Dette Déficit Québec

Dette Déficit Québec

Pour la dernière année financière, toutes les provinces, sauf le Québec, ont réduit leur niveau d'endettement. Pourtant, le Québec a une loi sur le "déficit zéro".

Statistique Canada
Finances publiques provinciales et territoriales : actif et passif

11 février 2009

Same old song, same old dance… Économie International Récession Revue de presse

New York Times

Japan’s Big-Works Stimulus Is Lesson
The New York Times

Japan’s rural areas have been paved over and filled in with roads, dams and other big infrastructure projects, the legacy of trillions of dollars spent to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the late 1980s. During those nearly two decades, Japan accumulated the largest public debt in the developed world — totaling 180 percent of its $5.5 trillion economy — while failing to generate a convincing recovery.

Most Japanese economists have tended to take a bleaker view of their nation’s track record, saying that Japan spent more than enough money, but wasted too much of it on roads to nowhere and other unneeded projects. Dr. Ihori of the University of Tokyo did a survey of public works in the 1990s, concluding that the spending created almost no additional economic growth. Instead of spreading beneficial ripple effects across the economy, he found that the spending actually led to declines in business investment by driving out private investors. He also said job creation was too narrowly focused in the construction industry in rural areas to give much benefit to the overall economy.

Critics also said decisions on how to spend the money were made behind closed doors by bureaucrats, politicians and the construction industry, and often reflected political considerations more than economic.