But, as generationally important as these efforts are, the president needs to be equally clear about his approach to updating the global economic order, something that has been lacking until now. Several U.S. allies—who are more attached to the international economic status quo than the United States—fear that the current focus on domestic investments in the U.S. could detract from, rather than renew, the rules-based global economy that has provided stability and predictability over the past 75 years.
With an eye on next year’s elections, U.S. President Joe Biden has launched a major effort to communicate his administration’s key accomplishments—the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act—under the heading of Bidenomics . If these measures are successful, they should reinforce Americans’ faith in the ability of government to advance their prosperity in a democratic and market-economy framework.
With an eye on next year’s elections, U.S. President Joe Biden has launched a major effort to communicate his administration’s key accomplishments—the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act—under the heading of Bidenomics.
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