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
45th 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
