Tuesday, June 2, 2009

In what ways will the Obama presidency affect the world?

Newly elected US President Barack Obama may have a structural impact upon foreign policy if, as he promised in his campaign, he promotes a multilateral world, complying with international law and relying on negotiations and peaceful means rather than coercion in resolving global problems. This impact may go beyond isolated issues, and be rather determinative and comprehensive.

Obama's foreign policy design, which places greater emphasis on cooperation and negotiation rather than reliance on coercion, may alleviate the tension caused by ambivalence between its Western-oriented policy and its eagerness to preserve the status quo for the sake of protecting integrity and maintaining security.

On that slight prospectus, he secured the support of the voters of the United States and, by proxy, the non-voters of the rest of the world, to assume leadership not just of the most powerful nation but of the entire planet. If the hopes that Americans have of him are high, those of the rest of the world, from Azerbaijan to Zimbabwe, are higher still. In Britain, as our poll today suggests, fully three-quarters of the population say they are "confident that Barack Obama will live up to the expectations people have that he will be a force for good in the world".

In what ways the financial crisis in the first world affected the countries in the third world?

After the US was hit by the cold the rest of the world got sick. And that is what happening now. All sectors were affected by the financial crisis and one of them is the international labor market. Many people from the third world countries are part of that market which has been the source of their income as labor migrants in the first world. Export manufacturer were also hard hit because demands were not asrobust since the world was torpedoed by the financial crisis which emanated in the US mainland. And so the world is hoping that, perhaps, US President-elect Barack Hussein Obama and his select economic team would be able to make an antidote to heal the ailing US economy on particular and the world's economy in general. Financial crisis deserves urgent attention and focus, but so does the question of hunger, "millions are liable to die, is that any less urgent?"

On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren't so vocal, influential and inconsiderate of others' viewpoints and concerns.

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