jiale

Is the economic development prospect of the United States really gloomy?

although the outlook for the U.S. economy no longer seems like bright in the past, but it is rally not so bad. No country has the same technological innovation capability as the United States: ambitious entrepreneurs settle in the United States, the United States is the world's R & D center, and the Silicon Valley start-up companies and venture capital are exemplary.

It seems that America has gradually withdrawn its interference into the international affairs. Some people hold that the reason why the United States was no longer so willing to intervene in foreign affairs is partly because the United States is currently making efforts to solve domestic economic problems: a sharp increase in federal debt, high unemployment, lower wage levels, as well as the gap between rich and poor which continues to expand.

However, although the outlook for the U.S. economy no longer seems like bright in the past, but it is rally not so bad. The U.S. higher education system is unique in the world, and America universities enrolled 725,000 foreign students last year, and the number of people has set a record. No country has the same technological innovation capability as the United States: ambitious entrepreneurs settle in the United States, the United States is the world's R & D center, and the Silicon Valley start-up companies and venture capital are exemplary.

In the energy sector, the innovative use of unconventional oil and gas resources, during the past decade has greatly changed the rules of the game, and the companies located in the United States play leading roles. The United States is currently the world's largest producer of natural gas. The United States is also the world's largest food exporter, which makes the United States have some means to withstand turmoil in food prices or food shortages. The economic power is more than double of that of China although the later ranks the second.

In the composition of the population, the situation in the United States is better than in other major economies. The U.S. population is expected to increase by 100 million by the year of 2050, while the labor force will grow by 40%. Over the same period, the population of Europe will be reduced by up to 100 million, and China's current workforce has begun to reduce. The labor force is believed to play an important role in promoting the development of the economy. The prospect of the economy in the United States is not as gloomy as some experts have predicted.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR