Uk Fiscal Policy Analysis
A case study on effect of monetary policy on UK economy is used in this research. Creswell (1998) defines a case study as an exploration of a “bounded system” or a case (or multiple cases) over time through detailed, in-depth data collection involving multiple sources of information rich in context.
According to Creswell, the bounded system is bounded by time and place, and it is the case being studied – a program, an event, an activity, or individuals. (www. socialresearchmethods. net) Gordon brown in his speech at the G20 summit in US says “Today’s G20 meeting is historic.
We have reached important conclusions today about trade, about financial stability and about the expansion of our economies” .
The fact that Britain was represented at the recent G20 summit held in United States shows that Great Britain is an economically developed country. The 20 countries present at the summit are responsible for 85% of world’s production therefore it shows that United Kingdom belongs to the league of 20 strongest economies of the world. The fiscal and monetary policy recommended by UK at the summit happens to be part of the recommendation passed by the meeting.