Most of us have harboured great expectations to U.S. president Barack H. Obama, but very few of us expected immediate — and such welcome — results. If he keeps up this pace, there’s really no limits to what he can achieve.
Only last night, for instance, president Obama signalled a new era for global economy, indicating that America can no longer “be the sole engine of global growth”, which is something the rest of us have known for quite som time (as, I suspect, has he):
[…] However, the days of super powers are counted. The 21st century has brought about a far much more diversified global economy, sporting near super powers, such as China and India, alongside several emerging economies not to be ignored. President Obama is aware of this, as is Dmitry Medvedev (or, really Vladimir Putin). Re-establishing the old-time balance of powers may simply not be the way to go, and yet, in Northen Europe, Russia’s threat is very real, very tangible.
It would appear that, by taking initiative, as president Obama now does, America will take anything but the back seat in global economic dealings, and by acknowledging the U.S. limitations, inviting emerging economies to partake, America’s economy may well flourish once more. Perhaps even sooner than we expected.
You really got to hand it to the man.
Photo: U.S. president Barack Obama (D).