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Article: Bullish on America: the United States needs to think more conceptually about how to use its economic advantage.
- Article from:
- The International Economy
- Article date:
- January 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 International Economy Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The events of the last two years have conclusively shown that the United States has the most powerful and most operationally versatile military in world history. America is able to project devastating force around the globe in record time--and reaps many significant strategic and political benefits as a result.
While the United States has the right to be proud of its military capabilities, it is worth noting that the military power of the United States pales in comparison to its economic power.
The United States has an $11 trillion economy--almost three times larger than that of our nearest competitor, Japan. As a point of comparison, America's Cold War ...