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Guest Posted 22 years ago
Essay & Composition Writing

Summary on the world economy, please proofread, thanks in advance

Hi I am from Germany. I have to hand in the summary on Monday and I need somebody to proofread. Thanks in advance. I welcome criticis!!!!


The world economy has not developed in the direction of a long awaited recovery. Right now nobody knows where the global economy is heading and every fact influencing its course is analysed closely. Its development is a very important issue linked up with important decisions such as the upcoming election in the United States.
Recently the U.S. economy, being of vital importance for the global economy, has started to perform poorly judging by the news from the America.

Unfortunately there are no countries able to step up to carry the global economy. Europe’s growth rates are struggling not to stagnate and Japan’s and Korea’s growth is build on weak components meaning it is not going to be very sustainable in the long run. From Germany to Japan consumption is low due to cautious consumers.
Besides companies not hiring, all causes for the consumer’s unwillingness to spend are not obvious and clear.
This situation is very critical especially for the U.S., who are greatly dependent on positive impulses from the world economy to bring their downswing to a halt.

Originally U.S. consumers were animated to spend throughout the recession of their economy by means of low interest rates, dictated by Alan Greenspan and tax cuts by the Bush administration.
The plan that increased consumer spending would be followed by job growth once the tax cuts would come to an end did not work out.
Whereas Alan Greenspan is pointing at the high oil prices for excuse, critics like Marc Faber say that he took the U.S. economy’s chance to cleanse itself from “excesses” created during the upturn, with low interest rates.

Indications for continued global stagnation cause Merrill Lynch to forecast the global economy not to rally anytime soon, recommending stocks which are likely to profit during low growth periods.
The positive side to the weak world economy is that in the long run its inevitably going to balance itself. Marc Faber expects the rebalancing to be initiated by a crisis which U.S. consumers can keep off by spendig once again.
  

Top answer

Hi I am from Germany. I have to hand in the summary on Monday and I need somebody to proofread. Thanks in advance.

  • Hi I am from Germany.
  • I have to hand in the summary on Monday and I need somebody to proofread.
  • Thanks in advance.
  • I welcome criticis!!!!
  • Hi, Welcome.
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9 Answers
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Hi I am from Germany. I have to hand in the summary on Monday and I need somebody to proofread. Thanks in advance. I welcome criticis!!!!


Hi,

Welcome. I will see what I can do quickly. You certainly left it to the last minute. Rather than going through with all the bolding etc., you will have to compare line by line, word by word.


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Thank you very much. your comments helped a lot, since it's difficult for me to put myself in the reader's position. I will add a second summary shortly.
both summaries are based on newsweek-articles. The issue that came out August 30th.
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my second summary, I wrote today, which i have to turn in tomorrow at noon, german time.


Daiei used to be Japan’s dominating retailer. (It is )A company, so many people dependent on that it would be a disaster if it closed, that is why although indebted by more than $10 billion it got sponsored by Tokyo.

Yet, perhaps Daiei’s dynasty comes to an end.

Japan’s pri
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Daiei used to be Japan’s dominating retailer. (It is )A company, so many people dependent on that it would be a disaster if it closed, that is why although indebted by more than $10 billion it got sponsored by Tokyo. [don't understand your sentence. I think you meant something like: Although Daiei has over $10 billion in debt, Daiei is a large employer in Japan and thus the government has provid
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@[This is an odd way to end a story.]

this is how the original text ends:

But one wonders if Japan is ready to take the next step, and accept a juggernaut like Wal-Mart as its new retail market leader.
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DaCat,

But their sentence shows some continuity. The Japenese retailer could do this or that. And the IRC might do this or that. But one wonders if Japan is ready to take the next step, and accept a juggernaut like Wal-Mart as its new retail market leader.

I found your last sentence to be a bit more abrupt. But maybe it is just me.

Don't worry about it.
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So far Daiei was able to escape involvement from the IRC, because people were sceptical about it. Now, there is the chance that their view might be turned around by means of a successful intervention of the IRC.
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thanks for your help again mountainhiker. I am probably going to make an A or something.

what I don not get is that you don't get my first paragraph of the 2nd summary. could you comment on it once more?

thanx
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DaCat,
Daiei used to be Japan’s dominating retailer. (It is )A company, so many people dependent on that it would be a disaster if it closed, that is why although indebted by more than $10 billion it got sponsored by Tokyo.


It doesn't flow well at all.

Here what I learn in the order that I learn it. I will put in my comments, which admittedly are

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