America in the Global Marketplace

In the first decade of the 21st century, America's economy is still the most successful in the World. But how much longer can this preeminence be taken for granted? The country faces formidable economic challenges. Its trade deficit is huge. Its foreign debt is growing, perhaps unsustainably. National savings have fallen to historic lows. Energy prices are soaring. And American corporations face new competition from emerging economic powers such as China and India. How alarmed should Americans be by these developments? And how should we respond? 

Festival: 2006

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