United States is still recovering from the most recent economic recession which requires proper formulation and enactment of policies. The government targets a Gross Domestic Product increase of 2.5 per cent in 2014. This paper therefore targets to discuss various reforms and strategies the government can undertake to improve the current economic situation.
The first strategic government intervention towards economic growth can be reform of the immigration sector. It is difficult for foreign entrepreneurs to stay in the country because the government has set very many conditions that restrict their entry. Bureaucracy in allowing entrepreneurs and skilled immigrants into the country is so complex to the extent that it is delaying economic recovery. Bureaucracy is costing the nation job opportunities hence reducing the country’s GDP and also harming the nation’s international leadership in entrepreneurship and innovation. The government should adjust its policies on granting green cards to promising entrepreneurs and skilled graduate students. Moreover, it needs to pass the Dream Act to allow law abiding people brought to the United States as children to become citizens.
The second government intervention can be cutting costs incurred in healthcare. In the recent years the government’s expenditure on health has risen with a very big margin. The country cannot afford to ignore this trend anymore. If this system persists, a large proportion of the countries income will be deviated to medical care which may not sustainable and will creates a burden on the future generations. The government should initiate a vigorous campaign for healthy lifestyle; develop new ways to manufacture drugs at a lower cost and a technology that can reduce expense on doctors and other medical personnel. This can be achieved through technological advancement and financing research