America

Immediately right after the Second World War, the U.S. dominated global trade for a couple of decades. Until the mid-1960s the rest with the world's national economies have been too war-damaged and weak to compete fully with America. Now, Japan and Germany being the major accomplishment stories, the U.S. economy has strong competitors. Over that, the European Community and many Asian economies (Singapore, China, Taiwan, Korea) are in strong positions to challenge American dominance.

But the American economy nonetheless dominates. That may be the continuing trend from the international trade race even as soon as other competitors surpass the U.S. in particular areas. While the us suffers from an overall balance-of-trade deficit - because it has for several years - the American economy is still the major influence on a direction with the world's fiscal policies. The U.S. position is that strong (Morais 49).

Still, america went from getting the world's largest creditor nation in 1980 to the world's largest debtor country in 1990. America has reason to feel concern about its economic position. Unfortunately, the self-examination needed to address America's economic issues (re: global trade) is so caught up in domestic political slogans that objective analysis is a neglected side issue.

The exact same statistical indicators point out an additional area of slipping leadership: Search and Development. Look for and Development outlays by America's international competitors are already pushing the U.S.' productivity lead. "Made in Japan" and "Made in Taiwan" - these were once derogatory terms within the Retail marketplace. Now, however, Japanese (and Asian solutions in general) lead the U.S. by generating high-quality electronics, cars, etc. (Smith 74; Grover 27).

O'Reilly, Brian. "How To Preserve U.S. Exports over a Roll. Trade is heading America's way proper now, as well as the key to keeping the momentum is to push for open global markets. Focused policies to help exporters would also be useful." Fortune (19 October 1992): 68-72.

Size, a management structure that devalues individualism, and corporate structure: these 3 attributes define the successful multi-national firm inside a not-too-comfortable comparison with American industry. Can we compete in a industry wherever success seems to require values separate from our own?

 

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