Economic Security: Global Implications

This is a review paper that discusses the economic security strategies of the Major economies of the world. The economies of the USA, China, Japan, EU, and India have been discussed and compared. The review analysis shows that Economies with a good hold on the industrial sector and low trade deficit perform well in economic shocks and have good long-term growth. Although the Economy of the USA is the largest in the world, the Debt is increasing day by day, this shows that financial systems need to be in place to ensure long-term stable growth and employment creation. Japan seems to have a solid growth rate after the WW II, solely due to dedication and the alignment of common objectives of people in power. India seems to have a stable growth rate yet due to overpopulation, providing employment is a huge problem to solve for the government, this has been discussed briefly in the paper.