Critical Analysis of Political Policy on National Economies

Ultimate target of the entire mankind is the promoting the world as a welfare state. USA, Russia and China and to some extent to India have the potential to promote a welfare stateand guide other countries to promote their countries as a welfare state.The name of the book is “Critical Analysis of Political Policy on National Economies” clearly highlighted how the political action of one country impacts on its national economy.For example, aggression in Iran in 1979 and thereafter the Iran-Iraq War in 1980-88 resulted in Sanctions imposed by USA on Iran which resulted in exporting petroleum to othercountries and foreign exchange reserves of Iran in overseas banks were made inoperative resulting in economic crisis in Iran. Iran lost $ 500billion in war, 300000 soldier were killedand 500000 injured. For the purpose of happiness and welfare of the entire mankind, we have internationally set up Institutions such as IMF, WB, WHO, UN.Country such as USA, Russia and China are super power and they are engaged in competition to create most sophisticatedweapons. USA and Russia have 90% of the nuclear weapons. We can imagine what disaster will be created if their storages are accidently exploited like Chernobyl. During this last sixmonths, new disease “Corona virus' spread all over the world which killed 250000 and there are 3350000 patients and 900000 patients are cured in 193 countries resulted in closedown many countries in the world resulting in great recession following thereafter.India has potential to promote its country as welfare state and encourage others who have non alignment policy to promote their states as the welfare states which is the ultimate goal ofthe entire mankind.