Agreements between europe and usa after political election on 2024 looking at mario draghi’ competitiveness proposal

Abstract

The paper is discussion research aiming to underline a few economic strategy elements of possible agreement and conflict between Europe and the USA after the European Union parliament and executive council election. Donald Trump was elected in November as the 47th president of the USA with a changing international and national economic agenda. Thus, the next year, the Western block must decide how to face the opposition of the world leadership led by China and Russia and the BRICS block. The paper focuses on economics. The result is more agreements than conflicts, especially about competitiveness, energy cost reduction, and military defense. However, politics will be interested more in social and welfare concerns. The concluding remarks of the paper will explain that Western growth is possible even in competitiveness supported by financial and great corporation growth despite the evidence of the strong economic power of BRICS. Politics in the USA and EUROPE will be attacked internally by political opposition claiming more welfare and environmental protection. That attitude will weaken the international competition with BRICS. On the other side, BRICS' lack of transparency and democracy will always be seen as a threat and will continue to struggle. Finally, part of Asia, while Africa and part of South America will not have a voice in this competition.