Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Wednesday, 9 November 2016

A Trump Win Shocks the World

It’s a shock to the world that Donald Trump has just won the Presidential election. The polls had predicted that Hillary Clinton would be on the winning podium outlining her Presidency and thanking her supporters, but Trump has managed to use his divisive policies and political campaigning to effect.

By Ali Shaker/VOA 

What this result has shown, and is some what similar to the Brexit vote in the UK, and the rise of support for far right parties in Europe, is that large sections of the population in these countries feel  they have been failed by the established political and social institutions, even neoliberalism itself. The old political and social base has been argued as not brought prosperity to all people, especially those living in areas with high unemployment due to the closure of factories over the last few decades. So on this note, past policies by former administrations, not just President Obama have reorientated from manufacturing to a services based economy, without offering more higher education training towards this new economic structure. Although past policies can not fully take the blame, people in these areas also need to take responsibility in gaining a higher education.  

In the U.S, many of the states where majority voted for Trump, the economic issues seemed to have influenced their decisions on who to vote for. With this, during economic downturn, although the worst of the global economic crisis is past us, immigration becomes a leading contentious issue, which have galvanised anti-immigration rhetoric by Trump and others in both the U.S and around the globe. The easiest way to blame an economic downturn is on claiming that immigrants have taken away jobs, but in reality ineffective  policies and old societal thinking have made the present.

Furthermore, on the issue of immigration, fear has creeped into the rhetoric in both the U.S and around the world. By taking a tougher anti-immigration line, especially against Muslims, Trump has been able to influence voters fears of Islamic terrorism invading the streets of America, galvanising the minds of voters. All this fear and division, even racism was just a campaign ploy to gain voters trust. I am not saying that racism played no part in the results, as clearly a anti-foreigner stance was impliced in some voters decision making and views, although I think that most people voted on economic and anti-establishment issues, which have been more decisive in the results in both the U.S and in the rising support for far right parties around the globe.   

As Trump campaigned on fear, division, racism, sexism and exclusion, he has a tough job to unite all Americans, although influenced by his rhetoric, a large minority still do not support his views or policies. I think that much of his stated policy announcements over the last couple of years will not transpire, as he will need the support of the establishment of both the Democrats and Republicans, which in reality still hold the real power and, pulls the economic strings on Capital Hill.   

Wednesday, 24 February 2016

Decision Time for the United Kingdom: In or Out of Europe


Decision time for the UK public is only four months away, with the announcement by Prime Minister David Cameron, that the referendum will take place on the 23rd June, giving the UK public the decision to either stay in the European Union or leave. So the next few months will be spent campaigning from both sites to gather support from the public. As it’s not a general election, politicians to not have to be united under party lines, instead they can choose either the in or out groups to support. The campaigns have already begun months, if not years ago, and now that the referendum date has been announced, both groups will be hitting the streets. 







Not A Bad UK-EU Reform Deal

Over last few months David Cameron has been jetting around European capitals, especially in Eastern Europe, trying to gain support for his planned reforms of the EU and the UK relationship with the Union. All that effort was to get leaders from member states to agree to a package of reforms from the EU, to take back to the UK public, before a planned in or out referendum. Last year the PM wanted a better deal for the UK, and outlined a number of measures that he thought may persuade the UK people to vote to stay in the EU. Some of these included, restricting access to in-work-benefits for nationals from other EU countries until after 4 years’ residency; safeguarding rights of non-Euro members from closer financial integration and material disadvantage from Euro zone members; reduce excessive regulations; Allow the UK to opt out of an “ever closer union,” and give more powers back to the national parliaments.

Cameron took these measures to the European Council leaders’ summit last Thursday, and after two long days, got an agreement with the EU, although not exactly what he wanted, instead one that seems to be agreeable between all of the leaders. From the start of the negotiations, the package presented by Cameron was never going to be fully agreed by all member states, especially the ‘benefit measures,’ with Poland and other Eastern European states disagreeing on this issue. Instead Cameron left Brussels on Friday night with an agreed package including, allowing the UK to put a “ emergency break” on other EU nationals from claiming in-work-benefits for a maximum of 7 years (Cameron wanted 13 years), only in extreme circumstances of high immigration; blocking child benefits claimed by EU working migrants from been sent to children overseas; economic protection for non-Euro members from Euro zone states, and reimbursing bailout funds given by the UK; protection for the City of London’s service industry  from Eurozone regulations; A treaty change to allow for the UK to opt out of a closer union with other member states; a mechanism to allow national Parliaments the power to block EU legislation; make the EU more competitive, by creating better regulations and cutting red tape, and strengthen the internal market; and limits to ‘freedom of movement’ rights for EU national marrying non-EU spouses, and excluding other EU national who are seen as a security risk from entering the UK.













Now with a negotiated agreement in place, two official campaigns can begin debating the issues of why the UK should either leave or stay in the EU. For months, even years, Eurosceptics have argued that the UK would be better off leaving, conjuring up statements of unaccountable bureaucrats in Brussels, take back control of our borders, get sovereignty back, the UK share of the EU budget would be better spent on services here, leaving the EU will allow the UK to take back control over our own trade policy, and so on. Some of these statements or issue do have some merit, and there is a need for reform for a better EU, but perhaps abandoning the project could be an ill-advised path. With so many different opinions and information presented by both sides of the argument, much of it misleading, one feels that much of the public are been misguided and may make an informed chose, with the loudest campaign gaining the most support.

For me anyway, I have taken the time to do some research into the arguments and information presented by both groups, trying to find fact rather than fiction. As I have said above, the EU structure and processes are not perfect and many areas need to be reformed, and as the past few decades have shown, the EU and its member states have and still want to make the Union better, with major changers have taken place, some more welcome then others.