It is essential that in the interest of the whole world economy the US economy needs to grow and for that the only immediate solution is all round development of public transportation system in entire US through encouragement of construction of needed infrastructure involving more of private participation.
It is time for US to have a relook on its energy spend particularly on oil and power and divert the resources saved therein to develop state wide transportation system in particular without in any way losing its glamour for private transport system presently in vogue.
The US economy has all the potential to attract international tourists and ways and means should be found to exploit its potential to the optimum level to make international tourism an opportunity and reality to support its further growth.
Employment opportunities will get an immediate boost and consumption and demand would increase necessitating fresh investment and production. Massive tourism to US from all over the world particularly from fast emerging economies like BRIC countries will help both the emerging economies and the US to mutually exchange trade, technology and other expertise for everybody's benefit. The avenues for revenues of the Government will automatically increase once the tourism picks up considerably.
Special incentives to industries who create additional employment opportunities can perhaps be another solution to tide over the present crisis. The need of the hour is to give a boost to the confidence in US economy and this country has fortunately everything to give that much needed boost.
Dr.T.V.Gopalakrishnan
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