A Changing World: U.S. Elections and Their Global Impact
We are just days away from an event that will likely redefine the global landscape: the elections in the United States. In 2024, nearly half of the countries in the world will be electing new leaders, but few processes have the geopolitical reach generated by the U.S. elections. The influence of the U.S. spans from the economy to international security, and the next leadership will define stances on critical issues such as global trade, immigration, and international aid.
Economic Impact and International Relations
A change in the U.S. administration could transform the relationship with China and its allies, with repercussions in global markets and on the prices of strategic goods like oil, whose price could either soar or stabilize depending on the direction of U.S. energy policies. Currently, bilateral trade between the U.S. and China amounts to over $600 billion annually, a figure that could be altered by protectionist trade policies or opening agreements.
The U.S. stance on conflicts like the war in Ukraine and tensions in the Middle East could also be profoundly affected. Depending on the new administration's approach, an interventionist foreign policy could strengthen alliances with NATO and increase military support in strategic regions. Conversely, an isolationist approach might reduce U.S. presence, allowing other powers, such as China and Russia, to expand their influence in those areas.
Technology, Sustainability, and Global Competition
The direction of U.S. technological and climate policy is also at stake. Advances in artificial intelligence, cybersecurity, and renewable energy could be accelerated or slowed depending on federal investment decisions in these sectors. The U.S. and other leaders in innovation, such as China, Israel, and Germany, allocate hundreds of billions of dollars annually to research and development (R&D). Israel, in particular, stands out for investing nearly 5% of its GDP in R&D, fostering a culture of innovation that has positioned it as the "Startup Nation," with one of the highest concentrations of startups per capita worldwide. This intense investment enables strategic collaborations in sectors such as defense, technology, and energy, areas that could be affected by the foreign policies of the new U.S. administration.
Adjustment in Global Strategies
Any change in U.S. foreign policy will impact not only its allies but also its adversaries, forcing them to adapt their diplomatic and economic strategies. U.S. influence is a key factor for global stability, and these elections will not only determine the fate of the country but also that of global geopolitics in the coming years.
This topic and its impact will be explored in depth in the next episode of ¿Qué Sigue? with Gricha Raether, who will analyze how the results in the U.S. will influence economic and regional security issues. Listen here
The world is at a turning point, and the direction the U.S. takes in this election will be a decisive factor for global balance and stability on multiple fronts.
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