In: Economics
come up with an “elevator speech” (a brief explanation that helps you convey the essence of the model’s main idea) for each of the assigned theories. When you have developed your elevator speech, copy it into the Google Slides document posted in the forum provided. I need help writing an elevator speech on Political Economy
Elevator speech summary for US China as Political economies who have indulged in Trade war has been condensed into short story. You can further trim it down nased on what you feel is more apt and convenient to memorise.
ELEVATOR SPEECH
US and china have great history of trade wars however recent times has been largely due to sanctions been imposed on china by USA.
Recently, USA slpped tarrifs on 40% of chinese goods. which has caused prices of US goods to go up substantially becuase cheap imports fro china have been stopped.USA has also stopped cheap imports of steel and as a result Chinese government too has imposed substantial tarrifs on USA goods.
As a result, there has been currency devaluation in China to make it goods look more cheaper and attractive and has started selling Goods in emerging markets. US goods however have become more costlier and hence sales have decreased.
Chinese government has aggravated trade war by imposing fresh round of tarrifs , however before G20 summit which will be held in 2018, such issues will be resolved.
Since, China has imposed tarrifs we see there has been lack of
entry of chinese workrs and visas in USA which has nullified the
clear cut winner. Because of trade war, India has managed to export
steel and aluminium to US markets and hence has been the greatest
beneficiary.
Given the Presidential Power following economic strategies need best case implementation :
Resolution of NAFTA deal with negotiation as well as maintenance
of great relationships with South Korea on denuclearization by
maintaining an eye on all developments
US China pact and removal of tarriffsby signing of MOU and economic
cooperation
Immigration laws been relaxed by allowing H1B for Indians who look
to create startups IN UsA and generate more employment
Debt refinancing and additional taxation on corporates with large
market Capitalization to decrease debt in short term.
Increasing interest rates to appreciate dollar and control
inflation and money supply in market