NEW YORK — The United States presidential election in November is critical for many reasons. At stake is not just the survival of American democracy but also the sound stewardship of the economy, with far-reaching implications for the rest of the world.

American voters face a choice not only between different policies but between different policy objectives. While Vice President Kamala Harris, the Democratic nominee, is yet to detail her economic agenda fully, she would likely preserve the central tenets of President Joe Biden's program, which include strong policies to maintain competition, preserve the environment (including reducing greenhouse gas emissions), reduce the cost of living, maintain growth, enhance national economic sovereignty and resilience, and mitigate inequality.