US economy is shrinking at slower pace. We have reports which indicate that The US economy shrank slightly less in early 2009 than previously thought, for me this is satisfactory news; you may ask me is it shrinking economy or the pace of shrinking making me happy.
I will say both. I always believed and claimed that the US economy and its impact is visibly larger then its actual strength. Undoubtedly it’s the biggest and strongest economy of the world but at present scenario US economy is not as influential what it has been in last 15 years.
I mentioned in my previous posts that at present the developing countries must refrain themselves from fast recovery as it will not be able to sustain for long and they may soon get another setback which may be unrecoverable. Present situation is due to the advantage what US enjoyed from over a century due to its intellectual capabilities. All they need is to spend and focus on new innovations; what they are always capable of.
United States needs to concentrate on their innovative skills and its time to introduce new technology and to create more viable options to keep the focus of the world towards them. Major competition to US will be coming from Germany, China and India in the future other then France, Russia, UK(?) and Japan. The only bailout for the US will come from its Human and Natural Resources.
Liquidity issue will disturb world economy for a limited time period only. Very soon we will see more competitive product in the world market for existing trade options.
This is the right time when United States of America should slowdown its speed from existing road and crate another path if US wants to remain world leader for long time.
My advice to US is to concentrate on new Inventions and use the technology for creating more viable and sustainable product line; in manufacturing as well as in service sector.
Good NEWS, if its slow and shrinking.
I will say both. I always believed and claimed that the US economy and its impact is visibly larger then its actual strength. Undoubtedly it’s the biggest and strongest economy of the world but at present scenario US economy is not as influential what it has been in last 15 years.
I mentioned in my previous posts that at present the developing countries must refrain themselves from fast recovery as it will not be able to sustain for long and they may soon get another setback which may be unrecoverable. Present situation is due to the advantage what US enjoyed from over a century due to its intellectual capabilities. All they need is to spend and focus on new innovations; what they are always capable of.
United States needs to concentrate on their innovative skills and its time to introduce new technology and to create more viable options to keep the focus of the world towards them. Major competition to US will be coming from Germany, China and India in the future other then France, Russia, UK(?) and Japan. The only bailout for the US will come from its Human and Natural Resources.
Liquidity issue will disturb world economy for a limited time period only. Very soon we will see more competitive product in the world market for existing trade options.
This is the right time when United States of America should slowdown its speed from existing road and crate another path if US wants to remain world leader for long time.
My advice to US is to concentrate on new Inventions and use the technology for creating more viable and sustainable product line; in manufacturing as well as in service sector.
Good NEWS, if its slow and shrinking.
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