Skip to main content

Opinion: Celebrating The Transfer of Power From Barack Obama to Angela Merkel

Today, Mr Donald Trump took oath as the 45th President of the United States of America.

The outgoing President Barack Obama has ensured smooth transfer of power from him to the incoming President Mr Trump.

Trump believes climate change is a Chinese hoax and America can be made great again through trade protectionism.

Meanwhile, Germany led by Chancellor Angela Merkel is strengthening its economy like never before. In 2016, US had a trade deficit of USD 740 billion against the Germany's USD 280 billion surplus.

With a protectionist president like Trump, US economy is expected to sink itself. Therefore, the transfer of power from Obama to Trump is solely a constitutional transfer but the real transfer of power is more about the general perspective of the international community with regard to the visionary leaders in the world's leading economies. Hence, the real power in world order is now transferred from Obama to Angela Merkel. 

Popular posts from this blog

Factors of Production and their Rewards

Type Definition Reward Land Labour Capital Enterprise All natural resources The physical and mental works of people All man made tools and machines All managers and organizers Rent Salary/Wage Interest Profit/Loss

Factors Affecting Geographical Mobility of Labour

Geographical Mobility of Labour refers to the movement of workers from one place to another place.  It depends upon; ·     cost of housing ·     cost of relocation ·     availability of social amenities ·     family ties etc

Common Barriers to Occupational Mobility of Labour

Barriers to Occupational Mobility of Labour ·     Lack of natural abilities ·     Lack of qualification ·     Cost and length of training ·     Discrimination ·     Ignorance of available job opportunities Ways to increase Occupational Mobility of Labour ·     By providing training and retraining ·     By organizing job centers