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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 US economy slows down Profits Rise in Pressure on US 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 US 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 87 percent in less than ten years that is a growth of 23 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 US 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 All thought Mexican workers have a steady job they still live in poverty conditions
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