WHY AMERICA BADLY NEEDS ABLE LEADERSHIP OF MRS. HILLARY CLINTON?

WHY AMERICA BADLY NEEDS ABLE LEADERSHIP OF MRS. HILLARY CLINTON?

USA witnessed many economic turmoil in the past. To avert such turmoil in the future, USA is badly in need of able leadership of Mrs. Hillary Clinton.

1920s -1930s:  The Great Depression –

The immediate post-war period was one of labour unrest and racial tensions. The depression originated in the United States, after the fall in stock prices that began around September 4, 1929. Unemployment in the U.S. rose to 25%. Businesses and factories shut down, banks failed. It had devastating effects in countries all over the world.

Franklin D. Roosevelt  said that- “Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.” ~

 

1960s -1970s: Mini-Recession

 The U.S. economy entered into the so-called mini-recession of 1966-67. There was high levels of unemployment. Federal budget deficits grew, foreign competition intensified, and the stock market sagged. Military spending also increased as American's presence in Vietnam grew. Racial tension heightened. Martin Luther King Jr. was assassinated in 1968 which sparked multiple riots.

2000 - 2010:  Military spending

2000 - 2010:  Military spending increased in the US with its war on Iraq. In 2007 the Global financial crisis hits which resulted in billions in losses. The stock market crashed. Banks failed. Many companies closed their doors. Unemployment hit an all time high. Racial tensions in the US on the rise. The Global financial crisis leads to a slowing global economy and the subsequent European debt crisis.

To a certain degree some of these factors can be attributed as a cumulative effect of poor leadership on multiple levels.

 HOW FUTURE OF THE AMERICA CAN BE ENSURED BY A GREAT LEADER – How Mrs. Hillary Clinton can address this Issue?

The Role of technology - Rapid advances in technology are constantly changing the way we lead. It is necessary to introduce the same in USA as and when it occurs.

2. Multicultural leadership - There has never been such a mix (melting pot) in the workforce as before. Embracing diversity is a must for every leader.

3. A Greater concern for followers - Millennials are expecting and demanding more: Reward, recognition and training and development is essential for job satisfaction. Another major concern is work life balance. Leaders must understand that a person’s work and personal life have reciprocal effects on each other.

4. Increasing interest in the integrity and character of leaders - The 1990s witnessed ethical lapses among senior executives and pointed to the fact that greater emphasis on leader’s character and values ought to be required.

5. Competitive global environment. The global playing field has levelled. Embracing change management (How to Be an Effective Change Leader) and a culture of learning is a crucial for an organization to be able to compete in the global marketplace.

After election, as the 45^th President of America, Mrs. Hillary Clinton has to concentrate on the following:

·       To mitigate high employment rates by creating more jobs

·       To impose more strict norms on Wall Street to prevent future stock market crashes as in the past.

·       To impose strict  norms on banks to avoid future bank failures

·       To minimise the military spending – To Avoid future wars

 

·       To prevent racial tension by offering equal rights to all American citizens

Courtesy - Brigette Hyacinth- https://www.linkedin.com/pulse/leadership-cycle-history-destined-repeat-itself-brigette-hyacinth