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World economic power

GeneBiz

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Nov 22, 2020
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One of the most prosperous countries in the world, which has been an economic reference throughout the years, and has been the dream of many immigrants from underdeveloped countries is the United States of America. What do you think the state policies have been? At the economic level, which have made this country a world economic power?
 
Firstly the economy of the state has really been boosted by the free economy it has and the open economy where the policies have actively stimulated growth across various sectors. One also have to take into cognizance the fact that the different industrial revolution. Has had a great role to play in this
 
Their economic growth is as a result of government policies which has helped young entrepreneurs take advantages of various opportunities in the country. They prioritise economic growth and there is an enabling environment and infrastructural developments to aid the economy.
 
The United States of America have been the most popular and powerful nation of the world due to their economy policy.they control all the market of the world due to their government policies which do help the private and public business.
 
The United States of America (USA) is the best country that has a strong and good economy. They are controlling world economy due to the priority they're giving to economy. Any country that lack of good economy will not easily grow.
 
The united state of America has become the populated country in the whole world, there are controlling the world economy due to the priority they're giving to economy, any country that lack of good economy will not grow.
 
I think the United States has a great economy because it essentially promotes capitalism, any economy that promotes capitalism will thrive, it creates a huge gap between the wealthy and the poor , and because you are wealthy you already have a chance ahead of ordinary people because the system favours you. The wealthy ones always find a way to avoid paying tax while the ordinary people are taxed heavily. I think the system is deeply flawed.
 
They don't joke with their economy, they work so hard to improve their economy by creating and developing techs that boost economy, that's why united states dollars is still stable and going higher gradually.
 
The US and Chinese government continue to jockey for global trade superiority. Most recently, the Trump administration issued an executive order that amounted to a ban on products from the Chinese tech company Huawei. But that’s just the latest attack in a long series of skirmishes, from increased tariffs to the detention of key executives
 
The United States of America have been the most popular and powerful nation of the world due to their economy policy.they control all the market of the world due to their government policies which do help the private and public business.
USA is called the land of opportunity for this very reason. Life is made a lot easier with good condition for one to survive and be comfortable in the state. There are lots of social amenities, low cost of living and the government looks out for its own citizens.
 
The U.S. is the most powerful nation and their economic growth is a lot times bigger than other rich nation's. Americans are a risk taker, they like to build their own businesses and the US is advanced on research. Only China is probably comes close with them, I think.
 
The U.S. is the most powerful nation and their economic growth is a lot times bigger than other rich nation's. Americans are a risk taker, they like to build their own businesses and the US is advanced on research. Only China is probably comes close with them, I think.
There is no disputing the fact that USA is the number one country when it comes to economic power. They are also number one in nuclear power, military power, politics and in fact just about anything you can think of. It's why you see them involved in almost all the decisions involving other countries.
 
I think US focusing on human development was key to her progress. Also, they allowed a lot of foreigners with potential in and over the years this helped to skyrocket her innovative capabilities. I wouldn't rule out the impact of good leadership on the way the US economy boomed.
 
Yes this time usa has the economic power in this world and every country has to use their policies because non of country currency has more power then dollar so till dollar is up from evey currency usa will have economic power
 
America have been the most popular and powerful nation of the world due to their economy policy.they control all the market of the world due to their government policies which do help the private and public business.
 
Their state policy that had rapidly developed their economy is that they shun corruption to it's bearest minimum. A nation that eats the future of their youth can never grow just like what's happening in Africa and Asia. United States of America have been a strong hold country economically due to their technological advancement and massive hate for corruption.
 
I don't think United States of America is the world economic power when 70% of all products in the whole world is produced in China,if China produces 70% of all products in the world how come that the world economic power is with the United States what have they done because in Africa 90% of what we use here is from China so how are they and what are the things that make United States of America an economic power ?
 
I think US focusing on human development was key to her progress. Also, they allowed a lot of foreigners with potential in and over the years this helped to skyrocket her innovative capabilities. I wouldn't rule out the impact of good leadership on the way the US economy boomed.
It's true that in the past years USA has been very open to welcoming new folks into their country. But with each government comes its own political policies and D. Trump became the US president, it's been pretty tough to get into USA for most country like Africa countries.
 
The world economy or the global economy is the economy of all humans of the world, referring to the global economic system which includes all economic activities which are conducted both within and between nations, including production, consumption, economic management, exchange of financial values and trade of goods and services.[1][2] In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.

It is common to limit questions of the world economy exclusively to human economic activity and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research, genuine data or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.

However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government.
 

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