In this respect the power of the united states is

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Unformatted text preview: es 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. US leadership prevents great powers wars. Khalilzad, 2/8/2011 (Zalmay – former United States ambassador to Afghanistan, Iraq and the United Nations, The Economy and National Security, National Review) We face this domestic challenge while other major powers are experiencing rapid economic growth. Even though countries such as China, India, and Brazil have profound political, social, demographic, and economic problems, their economies are growing faster...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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