American Economy in Todays World It is often wondered how the superpowers achieved their position of dominance. According to time magazine, to be a superpower, a nation needs to have a strong economy, an overpowering military, immense international political power, and related to this, a strong national ideology. Three of the articles that impacted me the most were: As U.S. economy slows down, Profits Rise in Pressure on U.S. Owned Factories in Mexico Border Zone, and last but not least Poverty in American. There is no doubt that the American economy has change dramatically since the 1860s.The article, U.S. Economy slows down; Europe is on the Upswing, shows that Europe will catch up to the United States in no time. According to The New York Times, the unemployment rate for European Union drop from ten percent to 8.7 percent in less than ten years; that is a growth of 2.3 percent. European markets have become more open and competitive and European companies have follow many Americans practices to help deliver better performance. European governments are lowering taxes, at least modestly. Wage increases have slowed to a edge and labor markets have become more flexible, as companies evade traditional job protection rules by hiring part-time and temporary workers. Christ Rendu, who analyzes European economy; disagrees with the study done by The New York Time. According to Dr. Rendu European economy will never surpass American economy. In any event, European economy have improve modestly over the past decades.In the article, Profits Raise Pressure on U.S. Owned Factories in Mexican Border Zone, involved Mexican workers and their miserable wages. All of this happens with the presidents consent and Mexican representatives in return for steady jobs. According to Mexican workforce, American industries help Mexican people earn a better living. The average for a forty-eight hour week at Alcoas Acua plants is eighty-three dollars. A...
