The World Economic Summit that is held every year during the month of June is an extremely important one. This annual event has the potential to greatly affect the international economy for years to come. As usual, the United States is represented by the most powerful and dynamic business leaders of the world. These business leaders are gathered in New York City for a week to discuss strategies on how to grow the economy and create stronger partnerships in the global community.
As usual, the theme this year is the need to “level the playing field.” This phrase originated when President Obama spoke about this issue during his speech at the White House correspondents breakfast in March. He was trying to explain why it was important that everybody play by the same rules so that the game would be more fair in the end. One way that the US can level the playing field is through its participation in the World Trade Organization. The US is one of a few countries that are not fully satisfied with the current trade agreement, and has continually tried to get other countries to join the bandwagon in order to create a more balanced trading system in the world.
President Obama has also used the economic summit to talk about how we can work together to promote the economic interests of all United States citizens. One example of this is how he has pushed the United States economy to re-embrace the technology that the world is currently so dependent on. President Obama and his administration have been working very hard at getting the United States to join the information age. By making it easier for businesses to operate internationally, they hope to create more jobs and raise the economic standard of living in the United States.
In addition to these major issues, the economic summit will also take time to discuss the environment. There is a growing concern about the state of the environment around the world, and President Obama wants to make sure that he does something about it. He has made it clear that he will not sign the Kyoto Protocol, the global warming treaty that is being negotiated at the summit. The United States has one of the largest oil supplies in the world and has promised to do everything in its power to reduce its dependency on foreign oil.
The economic summit will also discuss how to deal with the issues of terrorism. Right now, the United States has a relatively weak response time when it comes to acts of terrorism in the world. President Obama has made it a point to use the economic summit as a way to strengthen international ties, and encourage cooperation between various nations in the hopes of preventing terrorist activity. This is a huge issue around the world and one that only show the need for the United States to step up its efforts.
With regard to the media, President Obama has created quite a stir with regard to his press conference speech. Many took it as a swipe at his own administration, but he explained that the economic summit was actually more of a meeting of minds. “There are some ideas that might not be all that good politically, but are better than saying no.” He went on to say that one idea would be to increase exports, which would help boost the economy.