{"id":5195,"date":"2020-10-22T08:30:07","date_gmt":"2020-10-22T07:30:07","guid":{"rendered":"https:\/\/blog.iese.edu\/doing-business\/?p=5195"},"modified":"2020-11-30T21:47:10","modified_gmt":"2020-11-30T20:47:10","slug":"biden-and-harris-will-make-the-world-safer","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/doing-business\/2020\/10\/22\/biden-and-harris-will-make-the-world-safer\/","title":{"rendered":"Biden and Harris will make the world safer"},"content":{"rendered":"
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JFK<\/figcaption><\/figure>\n

During the first presidential debate in 1960, Senator John F. Kennedy explained his view that the struggle between the United States and other liberal democracies against communist Russia and China could only be won through economic prosperity in the West and the example that the US. and its allies would set for the world.<\/span><\/p>\n

For much of the next 40 years Kennedy would be proven correct due to the prosperity of the West and what came to be called the Washington Consensus dominated the world spreading free-market capitalism and some form of elected government to many countries.<\/span><\/p>\n

Along the way, the Soviet Union collapsed under its own mismanagement and inability to provide such prosperity to the citizens of Russia and the Eastern block.<\/span><\/p>\n

As the USSR faded, China began what would be its economic, political, and geopolitical revival under the leadership of Deng Xiaoping. Deng\u2019s legacy would be pursued by a series of Chinese leaders including its present Premier Xi Jinping. <\/span><\/p>\n

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Best Buddies<\/figcaption><\/figure>\n

After the financial crisis of 2009, the endless war in Afghanistan, and the disastrous situation in post-war Iraq, however, the idea that the United States was the model for the rest of the world has become an open question. Restored, to some degree, under the leadership of Barak Obama, Donald Trump has eroded the image of the United States in the rest of the world by turning his back on traditional and new American allies, coddling dictators such as the North Korean Kim Jon Un and Russian President Vladimir Putin, and allowing hundreds of thousands of Americans to die from SARS-CoV-2.<\/span><\/p>\n

As the world enters the 2020s, the Chinese example seems to offer a counterpoint to the United States for countries across Asia and Africa. China\u2019s One Belt, One Road initiative offers investment capital for infrastructure projects and Chinese companies offer their equipment and services backed by low-interest loans from the Chinese Development Bank and other institutions. China has controlled the virus and its economy is back on track.<\/span><\/p>\n

The other beacon of liberal democracy, The European Union is deeply struggling with its own issues, the virus, and the exit of the United Kingdom from the Union.<\/span><\/p>\n

At the same time, there are a number of critical situations around the world including:<\/span><\/p>\n