The President Of The United States - 1297 Words

The President of the United States is responsible for tackling both foreign and domestic issues. Of the myriad of global and domestic problems, global dependency is the most significant as it impacts the economic wellbeing of people around the world. In the debates and discussions of the Presidential Candidates one of the most controversial issues has been the outcome of America’s current import/export deficit and free trade agreements. On the one hand Ralph Nader argues that corporate America has created the global dependency of â€Å"small and large nations† (Nader) on the United States. On the other hand Donald Trump contends that China has purposefully aimed at gaining a stranglehold on our economy. I agree with parts of both perspectives.†¦show more content†¦Global dependencies have grown since the European colonization of America and Africa, but since that time certain underdeveloped countries have become powerful economies thereby shifting those that we re reliant to one whom others rely upon. America and China are two perfect examples of this phenomena. Over the last 40 years Asia has been one of the fastest growing economies relying on the export of goods for a large percentage of its growth. For the past few decades American innovators have been outsourcing production work to China. Nader argues the purpose of outsourcing is to increase profits, but I feel it is to allow for innovation. Without this exporting the U.S. would not have experienced the massive technological growth in recent years. Corporations are now more likely to invest in new technology because of limited risk that cost cutting measures in China allow for. The President needs to understand this and incentivize domestic production rather than punishing foreign production. If the government successfully does this, the United States would experience a growth in production alongside the current growth in technology. For the past three decades the U.S. trade deficit with China has been growing. In 2013 U.S. trade with China was $562 billion, but resulted in a trade deficit of $319 billion. Nader states that the