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Unformatted text preview: the United States compared with other nations, particularly its
adversaries. In this respect the power of the United States is less in a richer world economy. On the other hand, the welfare
of a nation's citizens is largely a function of its absolute economic capacity. A nation's living standards are primarily
based on its productivity and on its ability to exchange its products for those of others on international markets. Both of these effects are enhanced when increased innovation abroad provides U.S. consumers access to better products and
U.S. manufacturers more opportunities to emulate foreign products and processes. The United States no longer has to
carry the burden of global innovation alone—increasingly, American firms can learn from others. A collapse of US primary from loss of competitiveness ensures extinction
Zhang et al, researcher @ Carnegie Endowment for International Peace, Washington, D.C., January 22, 2011
[Yuhan and Lin Shi, independent consultant for the Eurasia Group, “Am...
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