Thursday, March 19, 2015

The world is changing, the attitude of global leaders is changing so is the market trend and way the business is being conducted.  Needless to say that the overall economy has become a global economy.  No one country can survive without the help and understanding of others. It seems like history is repeating itself. Historically speaking, the once super powers are no more superpowers any more. The USA, the only known superpower right now is also on the decline for whatever reasons, inability of its leaders, politics or adverse circumstances. There was a time when every country will pay respect to the USA and did not dare to confront its wrath.  But no more.  Even small countries in size and economy do not pay any heed to what the USA stands for.  Unfortunately, it seems that USA has been alienated from rest of the world.  The turmoil in the Middle East and in other regions convinces this writer that the world is on the edge of confronting the USA on all fronts whether it is economic, political or in the area of military strength. China with its economic power is flexing its tentacles by gathering worldwide forces to set up a competitive bank - AIIB.  The purpose of this new entity will be to create a competition to the IMF and the World Bank and to decrease the influence of America in lending financial assistance to other countries.  Lot of European nations along with India have agreed to sponsor and participate in this new entity.  With the European countries' attitude of devising their own entity convinces me that they do not like to be dictated by the USA either.  If that is the case, then I think it is an appropriate time the USA to revisit its foreign policy also viz-a-viz the Terms and Conditions of NATO Agreement.  If Europe wants to go on its own way, then all American military umbrella ought to be removed right away.  US defense forces are stretched very thin right now and its withdrawal from Europe will help in cost cutting and keeping our defense forces stronger.  THIS IS SOMETHING WASHINGTON OUGHT TO PROBE AND MAKE A SERIOUS DECISION AFTER LOOKING INTO THE EYES OF OUR EUROPEAN FRIENDS.

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