Is America going backwards economically?

Written by Terry Flew on May 9, 2008

Aside from the Democrat primaries, the major talking point in the U.S. this week is whether the United States is losing ground in the global economy. This is different to the question of whether or not the U.S. economy is in recession (or ‘slowdown’ as GWB prefers to put it), but is rather about whether the U.S. is losing the competitive race against the emergent economies of East Asia and the Middle East, and indeed to Europe.

Two triggers to this

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