E1A: Strategic Objective E1A
Stimulate Economic Growth and Job Creation Other Information:
The Department of the Treasury, with other agencies and organizations, works to stimulate economic growth and raise living
standards in the United States and abroad. Treasury supports U.S. economic growth by developing and implementing policies
for domestic economic development, tax programs, banking and financial institutions, and other fiscal matters. Treasury also
pays particular attention to improving the economies of distressed communities. The creation of good jobs for Americans is
an essential element in a balanced economic plan that will accelerate and sustain our recovery, increase workers’ standards
of living, and improve the economic performance of our Nation now and for years to come. Internationally, most of humanity
lives in developing and emerging markets with low standards of living and little opportunity for economic advancement. Reducing
this extreme poverty can dramatically improve health and welfare worldwide. Furthermore, the U.S. benefits when developing
and transitional countries expand their economies and open their markets. Greater economic opportunity in developing and emerging
markets can enhance regional stability, advance democracy, reduce the spread of infectious diseases, and provide new opportunities
for profitable trade. Treasury, through its responsibility for U.S. money invested in the IFIs as well as international economic
policy, plays a role in accelerating growth and improving living standards around the world. The United States and the world
benefit from a strong, integrated international trading system. Opening world markets to increase trade promotes global prosperity,
and prosperity promotes peace. As we integrate nations and peoples through trade, we invest in the future security of the
U.S. and the rest of the world. Treasury leads the U.S. efforts to liberalize the financial aspects of the international trading
system.
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