Effects of the Global Economy on the US Economy

Uploaded by : Essays-Now.com

A 10 page paper discussing how changes in the global economy affect the US. Though the transition is difficult and painful at times, it is likely that current difficulties of the US in global markets point to integration of the US into those markets. Our comparative advantage does not lie in low-skilled manufacturing jobs; it obviously does not lie in knowledge work in terms of programming. As the global economy continues to expand and evolve, we are likely to see in the future that much of our comparative advantage is linked to Western Europe and involves financial services for the rest of the world. Bibliography lists 13 sources.