Question

How do you think the US can become the leader in the world economy again?

How do you think the US can become the leader in the world economy again?

Homework Answers

Answer #1

To become an economic in the world. the US can do two most important things:

  • Research and development.: US has insane amount of capital both physical and human. Using that the US can invent things that no other nations in the world can. Producing better and more efficient goods or maybe a technological interruption will increase the demand for the US goods in the market and benefit them.
  • Trade: With research and development the US have goods and they need a market, having a lot of free trade agreement will allow the US to sell those goods in the market and benefit from sales, It will also benefit from them buying cheaper goods in the market from imports and having a larger purchasing power.
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