ow Us affects the global economy: The outcome of the presidential and national election will determine how the United States will conduct its foreign policy and domestic political policies vis-a-vis the world. Foreign policy is defined as "the ways and means of managing international relations". The US is currently a very sought after country for investment and it also forms a major trading partner with China. Both countries are in the process of economic growth and economic expansion. They are both open to promote trade talks and multilateral economic policies to further promote economic cooperation among nations. In order to sustain these cooperative efforts, the US President and his cabinet secretaries need to have excellent diplomatic skills so that they can perform their functions properly.
The US foreign policy has been shaped by the decisions and statements by the American administration regarding the global economic crisis that has taken place over the last decade. In 2020, the US suffered a severe economic setback when the Great Recession took effect. Although unemployment reached a peak, it still does not constitute a threat to the US economic system. The US presidential candidates all have stated that they will do everything to get the US out of this difficult economic situation.
The type of economic policies all presidential aspirants are promising to pursue could significantly change the economic condition of the global economy. Some have called for a revival of the American economy through re-negotiations of trade deals, opening up of some economic sectors and pursuing a free trade agenda. Many of these presidential hopefuls support some form of social assistance programs. All this and more will be discussed during the presidential elections in the coming years. These changes will affect the global economy negatively or positively.
How Us affects the US economically: The impact of how Us will vote in the upcoming presidential election will not only be determined by who gets the highest number of votes. It also depends on how the US decides to deal with its international relations. The two major international political powers, the US and China, have a long history of disputes with each other over issues such as trade, currency devaluation and other issues. In addition, trade barriers between the US and Asian countries have been reducing over the past few decades. Therefore, these issues will be closely watched by many Americans, both residents and tourists, who are interested in visiting abroad.
How Us economically will also depend on how the US decides to deal with its relationship with the EU and other world leaders. EU enlargement has been one of the main concerns of US President Barack Obama. He wants to continue to lead the pack in the number of members in the EU. On the other hand, European countries, led by Germany, are resisting EU membership for the US. Consequently, Obama will have to find an ally to boost economic ties with Europe if he is to manage to win the upcoming election.
Aside from how Obama's US presidential campaign is likely to affect the global economy, it will also affect how the European Union will handle its own economic policies. Many Europeans feel the United States is losing interest in being a part of the European Union, which could lead to a possible departure from the European Union. On the other hand, EU leaders seem to be welcoming of the US presence, especially since the two sides have so much in common. In this way, the European Union seems to be happy with the presence of the US military base in Afghanistan.
Aside from how Obama's US presidential campaign is likely to affect the global economy, it will also affect how we as citizens of the world are affected by it. For instance, do we really want Obama to win the presidential election? After all, his administration has implemented a number of socialist economic policies that most people in the world consider to be disastrous. Worse, many of these policies could hurt our already fragile economy.
If Obama becomes re-elected, will he continue with the same policies that he has implemented or will he change them? Will his party try to change the system to benefit themselves? Some people fear that he will simply continue to flout the constitution and the will of the American people, thus creating a dictatorship. Although there is much that can go wrong in America, it does not mean that everything will go down the drain if Obama is re-elected. However, it would be foolish to do anything else if Obama is re-elected. Therefore, how we can affect the global economy will be decided by how well we can get out of the economic crisis that we are currently facing.