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

Political and economic developments - Essay ExampleThe American political scene has for a long time been dominated by two major(ip) political parties despite the constitution allowing the existence of as many parties as the citizens would deem fit. These two parties are the Democratic Party and the Republican Party. These two parties discord 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 well-nigh countries, the notion of self rule brought with it the possibilities of the countries liberating their citizenry from poverty and even bad governance. This new system of self governance took a myriad of forms with most of the colonies victorious after their colonial masters (Michael & John, 2000). This make early European civilization receive much acknowledgement. Most of these types of governance were based on dem ocracy which is a system that allows the populace the authority to elect their leaders. According to varying preferences, some countries opted for the presidential system in which the president would be directly elected by the populace. The United 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 radical 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 thus 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 politi cally stable like the United States attracts investors. With investors coming to such demographys, the import would imminent economic progress (Hill, 2010). The American currency The dollar is the most traded currency globally. This is a clear show of how strong the countrys saving is. The strong 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 disports in the world market. These are highlighted in the proceeding part. The American economy has over the years intercommunicate manageable rates of inflation due to sound financial policies. This implies a strong economic prospect for the country. Furthermore, this also ensures that the currency retains a strong front 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 sect or. 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