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Important Events of this Week in the East and West

November 15, 2012  by: Paulose  Points: 17   Category: Political    Views: 451

Two important events of this week, one in the east and another in the west decide the destiny of tomorrow’s world. The American Presidential election and the Chinese Communist Party Congress that take place this week are going to shape the global destiny.

         

This week of November, 2012 stands crucial in the annals of the world history with two important events: one in America and the other in China in the east. Both have great impact in the future of the world. America has just elected its president in the 57th quadrennial presidential election that took place on November 6, 2012.

The 18th National Congress of the Communist Party of China began on November 8, 2012 in Beijing, China, to elect the 18th Central Committee of the Communist Party of China that will frame the future course of the country, most populated in the world.

Impact of the US election in the global destiny

America, the most powerful country in the world, is facing a lot of political, social and economic problems today. It is facing a battle of unemployment, increasing burden on economy and frictions in foreign political policies. Capitalist America has to reschedule its course of actions in the changing trends of the world countries.

Americans who believe in capitalism have been investing in opportunities globally, particularly in developing countries such as China and India. But today, things are changing in the global market since the price of labor has dropped due to the increase in supply. China is producing things at comparatively cheaper rates and India is supplying manpower at cheaper costs. This has affected much the job opportunities in the US.

Moreover, the changes in the global trends have great impact in the US. The presidential election has greatly reflected this turmoil within the country. Although boom and bust are an inextricable part of any market, the president has the greatest responsibility in guiding the country towards finding a solution to for the crisis.

Global impact of the 18th National Congress of the Communist Party of China

China, the most populated country in the world, is fast developing in every aspect. The recent developments in the country are challenging the world politics and economy. It is facing an inevitable change.

The 18th National Congress of the Communist Party of China held at Beijing has begun its week-long meeting with the Chinese President Hu Jintao’s corruption warning speech. The party meeting, held every ten years, will elect the leaders who will be responsible for the ruling of the country in the next term of a decade.

The leaders of Communist China are seriously aware of the growing corruption in the country. President Hu has warned that unless the country deals with corruption seriously it could be fatal to the party and bring down the country. The meeting would seriously discuss about China adapting to the changing domestic and global environment.

The US has elected its president with a hope of better solutions. China is determined to reform its political structure which will have great impact on the political and economical relationship of China with the countries of the world.




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