Political and economic developments Essay Example | Topics and Well Written Essays - 1000 words

Political and economic developments - Essay ExampleThe American policy-making scene has for a long time been dominated by two major semipolitical parties despite the constitution allowing the existence of as many parties as the citizens would deem fit. These two parties are the elective Party and the Republican Party. These two parties differ in policies and fundamental political ideologies. However, having only two political parties is a show of political maturity. This has contributed to the countrys economic prosperity. With the attainment of independence of most countries, the tone of self rule brought with it the possibilities of the countries liberating their citizenry from poverty and even bad politics. This new strategy of self governance took a myriad of forms with most of the colonies taking after their colonial masters (Michael & John, 2000). This made early European civilization receive much acknowledgement. Most of these types of governance were based on democracy which is a system that allows the populace the authority to elect their leaders. According to varying preferences, some countries opted for the chairmanial system in which the president would be directly elected by the populace. The coupled States is a classical example of this kind of governance. Others opted for a parliamentarian system in which the elected legislatures elect the president. ... Factors that lead to the creations of these nations differ these are such(prenominal) basic factors as the size of the country, the population size, the religious beliefs of the populace, and multiple others. These are responsible for the formulation of the laws that the legislators deem relevant. What is of relevance in one region is never relevant tin another. The relativity in legal relevance then explains the difference in regional legislations. The economic growth of a country is determined by a number of factors. Most of these factors are politically instigated. A country that is p olitically stable like the United States attracts investors. With investors coming to such demographys, the implication would imminent economic progress (Hill, 2010). The American currency The vaulting horse is the most traded currency globally. This is a clear show of how punishing the countrys economy is. The unattackable economy is sustained by fundamental economic concepts which suit its economy as well as populace. There are deliberate moves made by the American government to sustain its economy and safeguards its interests in the world market. These are highlighted in the proceeding part. The American economy has over the years projected yielding place of inflation due to sound financial policies. This implies a strong economic prospect for the country. Furthermore, this too ensures that the currency retains a strong presence in the financial markets globally. The second factor that has led to the strong currency is the high interest rates that characterize the countrys banking and lending sector. When interest rates are high, the market becomes attractive to investors who would in turn take part in the investments in the securities such as bonds (Stefan, Christopher & Jochen, 2008). This