The Paradox Of Electoral Economics In The United States

1148 Words3 Pages

One of the few things that all governments, regardless of their power structure, must depend on to experience growth, prosperity, and overall success as a governing body is the efficiency and growth of their economy. The relationship between the politics and economic success of a nation is an often complex one that, at times, may seem to correlate with good-hearted policy implementations being created by elected officials who are trying to contribute to the greater good of its citizens and country. This, however, is not always the case. The interaction of politics with a nation’s economy creates opportunity for unintended economic decline; otherwise known as the paradox of electoral economics. In this essay I will first outline and provide …show more content…

Additionally, this paradox covers the government’s communications with economic markets and how this collaboration overlaps with politics. The paradox of electoral economics, as discussed in class, says that every government needs an efficient and successful economy for its nation to prosper. Simply put, it is a necessity that governing bodies have positively efficient economies to regulate their own presence and operations; governments that lack a strong economy also lack a strong, internal foundation. The paradox additionally needs the states’, approval, and cooperation that democratic governments have, so all of the proper components for efficient economic function are in place. This is predominantly demonstrated in the relationship of politics and economics, and how historically, elections have been influenced to favor a certain candidate depending on the well-being of the government’s economy or the potential leader’s proposed economic strategies. This paradox, as stated, drastically shapes the outcomes of elections. For instance, it would be exemplary for a weak economy to cause a leader to be elected out of office or they can influence a race for a certain candidate to lose. Succinctly, conferring to the paradox, economic status of a state is the best forecaster of the result of an …show more content…

This is seen when government officials and politicians implement policies that effect the economy, with reasoning that is not pertaining to their current economic status and subject. For example, as it relates to energy, there are often obvious agreements and trades that governments can make with other nations that will most certainly strengthen their economy, but this does not always get done. Geopolitics will often get in the way of global progress within the energy sector, and other industries alike, even though the result would end in economic prosperity for the countries

Open Document