In a fundraising event for his 2024 re-election campaign and the commencement of Asian American, Native Hawaiian, and Pacific Islander Heritage Month, President Joe Biden highlighted the detrimental effects of xenophobia on economic growth, particularly in countries such as China, Japan, and India. The event, held in Washington, saw Biden reaffirming his stance on the importance of immigration for the United States’ economic prosperity.
Biden attributed America’s economic growth partly to its welcoming stance towards immigrants. He emphasized that immigrants play a crucial role in strengthening the nation. In contrast, he pointed out that xenophobia in other countries, including China, Japan, and India, has hindered their economic progress significantly.
The President’s remarks come amid recent forecasts by the International Monetary Fund (IMF) indicating a deceleration in economic growth for several countries, including Japan and India, in 2024. Japan, a highly developed nation, is expected to see a growth rate of 0.9 percent, while India, an emerging economy, is projected to grow at 6.8 percent. In comparison, the United States is forecasted to maintain a growth rate of 2.7 percent, attributed in part to the contribution of immigrants to the labor force.
Biden’s comments also shed light on the political landscape, as immigration remains a significant concern for voters leading up to the November presidential election. The President has consistently condemned the anti-immigrant rhetoric of his Republican opponent, Donald Trump, and has emphasized the need for inclusive policies that recognize the contributions of immigrants to American society and economy.
Furthermore, Biden’s administration has actively pursued diplomatic efforts to strengthen economic and political relations with countries such as Japan and India, in addition to countering global powers like China and Russia. By fostering these relationships, the President aims to promote cooperation and address common challenges while advancing the interests of the United States on the global stage.
As discussions surrounding immigration and economic growth continue to shape political discourse, Biden’s remarks underscore the importance of inclusive policies and international collaboration in driving sustainable development and prosperity.