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Real World Analysis - Week 4 - Denise Seals

Real World Analysis - Week 4 - Denise Seals - year • The...

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Name: Denise Seals Email: [email protected] Title: The U.S. is losing Its Competitive Edge Citation: (Amadeo,2009) ______________________________________________________________________ My Reasons for Selecting this Article The reason I selected this article is because of the dying economy we face. Since we are in so much debt, the U.S. is starting to lose its competitive edge around the world. If this happens I am not sure if the economy would ever be able to surpass the recession. This article sheds light on the areas the U.S. is losing its competitive edge. The Author(s) Main Points The U.S. may lose its 50 year leadership in basic particle research by 2010. This research will be taken over by Switzerland; in order to stay competitive the U.S. must increase it budget by 2 to 3 % per year. The U.S. is also losing the edge in technology with China. China is graduating 200,000 engineers per year while the U.S. is only graduating 60,000 engineers per
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Unformatted text preview: year. • The U.S. is outsourcing skilled jobs to China and India, therefore reducing the U.S. workforce in the U.S. and leaning more on China for their technology and skilled workers. The Author(s) Referred to These Economic Concepts • Competitive System My Critique of the Strengths and Weaknesses of the Article The strengths of this article are the statics the article is showing in the decline of the U.S. competitive system. It allows you to see how the U.S. is not keeping up with the technology that China has to offer. The weakness of this article is not showing what will happen to the U.S. if we continue in the same pattern. It also does not give any suggestion on how to overcome these decencies, to create a stronger U.S. economy. Works Cited Amadeo, K. (2009, June 08). The U.S. is Losing Its Competitive Edge. Retrieved September 21, 2009, from About.com: http://useconomy.about.com/od/supply/p/Competitiveness.htm 2...
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