The power of a nation ie its ability to influence the

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Unformatted text preview: our aviation infrastructure. In contrast, rail investment has received only $67 billion over the past 31 years. We have directed significantly less funding to rail, despite the fact that some regions could benefit greatly from this investment.} Continued decline in competitiveness eradicates US primacy Lawrence, former member of President Clinton’s Council of Economic Advisers, 2002 [Robert Z., “Competitiveness,” http://www.econlib.org/LIBRARY/Enc/Competitiveness.html, Accessed 6/1/12] It is important to recognize that this relative decline of the United States has differing implications for American power and for American living standards. The power of a nation (i.e., its ability to influence the actions of other nations) flows in large part from its relative economic capacity—the economic performance of 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...
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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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