The American Power of Economics and Technology


The US is also the most technologically powerful economy in the world. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment. Even though China became the world largest economy which overtook US in its size, the US economy is still stronger and better than China. Chinese economic growing very fast but is a fragile economy in its foundations and raw materials. The Chinese Per capita GDP is very far behind the US.

The Standard of living of Chinese people still lower far behind the US. Chinese economy depends on the bringing raw materials from other countries and has various problems include social welfare, political system, and rounded by many strong neighboring countries. In contrast to China, the US has its firm economic health, full of natural resources,  better agricultural productions;  a high technological industries, highly diversified, world leading, high-technology innovator, second-largest industrial output in the world; petroleum, steel, motor vehicles, aerospace, telecommunications , a better service which represent until 79.5% of GDP, and a very strong banking system such as World Bank, which would grant loans to member governments for large public projects, International Monetary Fund for the emergency pressures, and the General Agreement on Tariffs and Trade (GATT), designed to create a managed agenda of ‘free trade. US also controls the vast oil fields and companies and the leader of many free trade organizations. The strong capacity of producing with the vast natural resources and two oceans, and high innovation and technology make America strongly and firmly.  

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