American%20Foreign%20Policy%20v.2

Stilloneofthelessonslearnedfromthegreatdepressionisto

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Unformatted text preview: il Dependency – two aspects of US (foreign) policy that many in the world find objectionable • Obama plans to invest in renewable energy research and development…this could lay the foundation for a “green” economy, less dependent on oil, but this transition will require decades, if it happens An economic recession can destroy a presidency » This is another reason presidents, regardless of party or ideology, tend to promote pro­oil policies; they want to avoid recessions, virtually at all costs What Drives US Foreign Policy What The Underlying Influence of Culture – Cultural demands for a growing economy drive some of America’s most controversial policies Globalization (Free Trade/Capitalism) – The US has been at the forefront of globalization, despite that resistance to free trade in America is growing » Still, one of the lessons­learned from the Great Depression is to avoid “protectionism” during a recession (which the US and world are experiencing now) Resistance to US Economic Power: There is enormous resistance in the world to globalization, one reason being that America is positioned to dominate a globalized world economy • • A resurgence of sot­oriented leaders have emerged in Latin & South America: Nicaragua, Venezuela, Bolivia, Brazil, Ecuador, Chile China & Russia—and—China, Venezuela, Iran have formed (or are forming) alliances against US economic power What Drives US Foreign Policy What The Underlying Influence of Culture – Cultural demands for a growing economy drive some of America’s most controversial policies Oil Dependency – As a consequence of having the largest economy, the US is the world’s largest oil consumer: consumes almost 3 times more oil than China, 10 times more oil than France » US oil policies enrage America’s critics • Doubl...
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