question archive After a historic presidential election in the United States, officials and citizens are focused on the transition program and the initial priorities of the new administration

After a historic presidential election in the United States, officials and citizens are focused on the transition program and the initial priorities of the new administration

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After a historic presidential election in the United States, officials and citizens are focused on the transition program and the initial priorities of the new administration. In the context of a worldwide economic crisis, the pressing questions on people's minds are: 

 

What new programs and projects will be initiated? What will be cut? How will the administration prioritize the campaign promises made to different stakeholders?

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In the face of global economic crises the government among the campaign promises would include;

  • Reviving the economy.
  • Maintenance and growth of infrastructure to support the business.
  • Increasing employment rates.
  • Change of laws and policies supporting business.

 

The new government will start by changing its laws and policies to attract local and foreign investors. For example, the government might ease acquiring licenses to start a business, reduce taxes on manufacturing, and protect the domestic industry from international competition. When local and foreign manufactures and industries start investing, they will spend money on employees who will increase economic activity. The government will then reduce interest rates on loans ensuring banks can lend money to investors. They will then employ people and pay them, which will increase the supply of money in the economy propelling growth (Bansod, Mohapatra, & Giri, 2017). The government will then embark on building and maintaining the infrastructure that supports business, such as roads, EPZs, and rails. The projects increase government spending, growing the economy (Bianchi & Ilut, 2017). Finally, the government can provide subsidiaries to the manufacturing sector to attract more investment and boost the economy.