Various economic ideas have been adopted by the US in the formulation of economic policies. The US has been witness to Keynesianism in the 1960s, to domestic supply-side economics of the 1980s and to the globalized and liberalized doctrines of the Clinton administration. The 1994 elections has shown the failure of the liberal, globally-oriented supply-side economics. Global Keynesianism would be a mechanism in the presence of a more global economy for controlling interdependence among economies to achieve high economic growth, employment and rising standards of living.
