The Democrat and former Vice President is ready to take office despite the possible legal fight against Donald Trump’s allegations of fraud.
When the victory was announced in his home state of Pennsylvania, Democrat Joe Biden promised to be “president for all Americans” and called for anger and nasty rhetoric to be left behind now with the campaign over.
A clear reference to President Donald Trump, who has not yet conceded in his quest for victory and who put his personal stamp on the fight against Covid-19, science, technology, and even his withdrawal from the Paris Agreement that seeks to halt climate change.
At Tec Review, we ask experts what future they foresee with the former Vice President.
With the Democrat, they expect a 180-degree change over what Trump did in terms of technology policy.
“With the new administration, pending confirmation of his victory, we can expect them to begin a re-globalization,” says Juan Carlos Minero, investment director at Black Wallstreet Capital, a Mexican capital management advisory firm.
During Trump’s term, a trend towards de-globalization was noted, leading to conflict between the world’s two major powers: China and the United States. Now, with President Biden, there will be a calmer panorama involving geopolitics of less confrontation with the Asian giant, according to Minero.
“We can also see the impact this is going to have on technology companies. For example, the Nasdaq index (the stock exchange for electronic companies) has gone up 1.15 points,” says the investment expert.
On the other hand, Eugenio Perea, venture partner at Magma Partners, a Latin American startup support company in the United States, says in an interview with Tec Review that there has been an uncertain policy during that country’s current government.
“With Trump, there was no way to predict what decisions he was going to make. It seemed that the US government was responding only to trending topics on Twitter.”
With Biden, ties to Western Europe will be revived, and there will be a much clearer effort to attract Latin America in order to contain China, which has put money into this region in recent years, according to Perea.
It’s important to note that the Chinese government has investments in technology companies within the country.
“This has become a tool for Chinese expansion that hasn’t been counteracted by the United States government,” says the Magma Partners executive.
He also says that while the U.S. government hasn’t directly put capital into companies like Google and Amazon, we mustn’t forget recent history, as all of that country’s technology companies are a result of government investment after World War II.
“It isn’t true that everything was the result of private investment in Silicon Valley. Biden’s administration is going to be very careful about how it acts in this context,” Perea says.
So, according to the expert, we will see a more positive articulation of American technology companies in coordination with the new government likely to take office in January next year.
Elías García Cantú, principal researcher at Cardiolink Clin Trials, a clinical trial center located in Monterrey, Nuevo León, says the Covid-19 vaccine, despite Donald Trump’s promise, won’t begin to be administered until next year.
“At first, the vaccine is going to be applied with some caution, like any other new item, and then mass vaccination is going to be given to Americans.”
García refers to the vaccine that was recently announced by Pfizer, a transnational pharmaceutical company that also took into account the electoral situation.
“Pfizer’s recent announcement was delayed by seven days so that it wouldn’t become a political issue, and they’re likely to give it to Biden within days of the start of his term,” the health specialist says.
Meanwhile, the Centers for Disease Control and Prevention (known as CDC) will experience a renaissance with Biden’s new public health plan in mind.
“The CDC is going to return to what it was before. It’s going to have a say in health actions again,” García says.
It should be noted that the CDC is a prestigious institution for Mexico’s northern neighbor and “has an important role in the timely detection of disease outbreaks.”
Although the circumstances in Mexico are different, the country’s government currently faces the pandemic through a strategy similar to that of the current President of the United States.
“In our country, we have an administration that, while left-wing, resembles President Trump’s administration in terms of its authority on health issues. But, if generalized preventive behavior such as the use of the face masks is finally applied in the United States, then it’ll also be adopted in Mexico,” García says.
Biden is ready to defend at all cost the integrity of Obamacare, a health law enacted during the administration of Donald Trump’s predecessor. This is despite the fact that the Supreme Court is considering throwing out some sections of it.
This will occur in the context of widespread government reconciliation with the U.S. health system, according to García Cantú.
“The new administration is expected to treat those involved in improving the health of Americans as collaborators and not as subordinates,” the expert says.
García Cantú also states that Biden will soon call for the cooperation of all health sectors in the United States according to the following three major guidelines:
Avoid authoritarianism about public health decisions.
Universalize measures of social distancing and the use of face masks among the populace.
Strengthen the nation’s health systems.
According to the expert, Biden’s administration will also better guide economic resources for national health institutes in order to establish guidelines in line with the current health emergency.
“Scientific interaction is going to be bolstered, and Biden will obviously give a place to science that it was deprived of by the Trump Administration,” García says.
The outcome of the 2020 presidential election radically changes climate change policy in the USA and in its Latin American neighbors.
“Today, the Trump administration officially left the Paris Climate Agreement. And in exactly 77 days, a Biden administration will rejoin it,” Joe Biden wrote on Twitter on November 4, 2019.
Joseph Robinette Biden is now the President-elect of the United States of America, and experts around the world applaud his decision to rejoin the Agreement and will watch to see he keeps this promise as soon as he assumes the presidency.
“The President-elect has been a clear advocate of climate change initiatives and has stated openly at times in his campaign that he’ll return to the Paris Agreement. Now it’s time to keep an eye on him,” says Jans Fromow Guerra, climate change expert and international advisor to International Physicians for the Prevention of Nuclear War.
The Paris Agreement was agreed to on December 12, 2015 at COP21 in Paris. This historic agreement was made to combat climate change and accelerate and intensify the actions and investments needed for a low-carbon sustainable future.
It was signed in 2016, with 200 countries signing on. That same year, Donald Trump promised during his election campaign to abandon the climate pact with the justification that he considered it detrimental to the country’s economy because industry relied heavily on fossil fuels.
When Trump took office in 2017, he announced that he would keep his campaign promise.
The announcement of the return to the Paris Agreement on the first day of Joe Biden’s administration has received congratulations from various prominent figures, such as the Unesco Director-General Audrey Azoulay.
According to what Biden has said, the United States of America will only be out of the agreement for a few months. “It’s important that those most responsible for a negative impact on humanity are the first to accept this and make commitments. In this case, the U.S. is the second largest emitter of greenhouse gases in the world,” says Jans Fromow Guerra.
During his campaign, the Democrat presented a plan to address climate change with a $1.7 trillion investment.
The budget is good. To get an idea of how good, Jans Fromow Guerra, adviser to the organization International Physicians for the Prevention of Nuclear War, explains that annual military spending globally is $1.6 billion, equivalent to 2.1% of GDP. The capital that Biden will allocate is $1.7 trillion, which exceeds the world’s spending on arms.
Biden’s proposal focuses on two main areas: achieving 100% clean energy by 2050, and research into clean energy and modernization to eliminate greenhouse gas emissions.
The next president stresses the importance of investment in research as a way to achieve the technologies that we know can be developed but that don’t yet exist. This is a wake-up call for all of Latin America.
For example, “in Mexico, one of the major investment projects is the Dos Bocas Refinery. Meanwhile, our northern neighbor is already thinking about moving to clean energy and modernizing its infrastructure,” adds the expert.
“It should be noted that this return will be complicated. Biden will have to go through a lot of negotiations with others, and most of them will be with Republicans. The environmental laws aren’t modern. They need reform. And let’s remember that these kinds of projects are always long-term and depend on the following president.” (Jansel Jiménez Bulle and Susan Irais)