Are America’s Competitive Advantages Being Decimated?

Are America’s Competitive Advantages Being Decimated?

The US is an unrivaled economic powerhouse. It accounts for 4% of the world’s population yet captures a whopping 24% of the world’s gross domestic product — the total value of goods and services produced by a country in one year. When comparing America’s economic success to other major economies, the scale of its achievements becomes clear. For example, in 2008 the US and Eurozone, the 20 European Union countries that have adopted the euro as th…