Today, I have discussed the impact of the U.S. trade imbalance because of China’s currency problem. I also talked about NATO and the U.N. changing course in how they provide aid and defense. Are these policies that hard to change? Unfortunately, the answer is yes. Because of the complicated environment in which we live it is very difficult to change policy. Speeches and agenda items might be one thing, but passing a resolution is a whole different ballgame.
Although, the first step to solving a problem is recognizing that you have one. If these institutions and countries know that they are the source of their misfortune, then maybe there is hope that someday there will be reform. Until that time, I will hold my breathe. One of the best ways to achieve change is through the power persuasion. What I mean by this is applying pressure to different groups to get what you want. That is where the U.S. has an opportunity to exert its leadership. In order to see growth and change in these organizations and to solve the critical economic problems of our time, the U.S. must step up the plate and demand change.
To sum up my posts:
1. My first thought was putting forth a unified front
2. The U.S. trade deficit is increasing
3. One good and bad way to look at solving China’s currency problem
4. NATO’s meeting and defense shield
5. NATO and the U.N. try institutional reform
Thanks for reading. See you tomorrow!