Rutashubanyuma
JF-Expert Member
- Sep 24, 2010
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- #1,761
But results of this election have pleased some while hurting others. I am personally not very much interested with the result as such but my concern is more on the outcome of such results.
To some extent I tend to think that this could harm african economies given the fact that Trump has been more inward looking person who in my view would not like to be associated with some external agents unless they add more values to the American economy.
On the other hand I think American economy is likely to shake a bit. The fact that Trump is unpredictable man makes it hard for some investors to predict how he is going to operate after taking office. The loss of confidence may reduce the demand for US dollar and thus forcing it come down . Though this could be a temporary situation but will inevitably help developing countries to take advantage of this situation.
In the great recession of 1932 was blamed on protectionism and we are witnessing history echoing itself.
Africa needs good governance but less handouts we are nowhere near to satisfying local demand let alone exporting abroad.
Trump foreign policies seem mixed: detente to Russia may avert a third global war but slapping Chinese exports with 45% tax will invoke a trade war which America will lose. African continent will benefit if he follows his campaign rhetoric to root out graft.
But as we are now told Obamacare will stay despite electoral promise to repeal shows the gulf between wishful thinking and harsh reality