As one of the richest nations in the world, why should we have to worry about the rest of the global economy? This seems like a loaded question at first, but think of it this way: What if we were no longer one of the richest nations and instead, China or India was to lead the world in power?
When it comes to issues of global significance, we don’t always look at them from a global perspective, and you might ask, “Why not?”
Aren’t we all ultimately a part of the same success and failure in a global economy? If this is the case, then why is there an economic hierarchy calling all the shots? It seems the developed countries are making all the decisions and when developing countries voice concerns, they get the cold shoulder.
Consider the consequences if the positions were reversed. If we were a developing country that suffered from the developed nations’ economic mistakes, how might our view change?
What may be our current issue as an economy is that we only think of what would benefit our own national gain. This is what other countries are concerned about, and what we need to pay attention to.
The developing countries are rising out of the quicksand of the recession, leaving the developed countries behind. These developing countries are stimulating the economy by using their brains instead of their power. India and China, for example, are making economic history, by focusing on private investments rather than government protocol.
When it comes to the United States, our wealth and power cannot save us from our poor economic choices. Instead of letting new ideas take charge, we follow domestic practice.
So, the question is, are we that powerful after all?
According to Fox News, they fervently declare that yes, “America is a great power and for the sake of a more peaceful world we had better stay that way.”
So, we may be a powerful nation today, but for how much longer?
Power stems from success, which must be consistent and sustaining. And we’re lacking. Those “less advanced” countries are proving power comes with strategy and survival skills.
We’ve been so used to eating on silver platters that we forgot to hunt.
After listening to a different perspective from Lebanon, you may be able to see the other side of this issue.
Lebanon’s Daily Star declares, “Waiting around for the advanced countries to right their ships so that we can all go back to the old normal is neither good policy nor a good bet.”
According to this voice from one developing country, the misplaced focus of the developed countries is only further sinking the global economy. Once again, we’re all going to fall if we don’t unite our economies.
Ultimately, we all participate in the world economy. We splurge, save and invest and we are all affected by each other’s spending habits.
So, the answer may be to unite globally, saving all economies from collapsing.
Once we decide to recognize that a global effort toward economic recovery is the answer, we will be one step closer to a united effort toward economic stability.
Big things come in small packages. We might want to listen to what these less advanced economies are telling us. They’ve been observing and have a plan that might save us all.
Cassandra Gamboa is an OSU intern from Mondokio International News, a company which translates news from around the world in order to provide multiple perspectives on international issues.
