Abstract

The American Prosperity Myth
Hutton, Will | September 1, 2003 issue

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This article deals with issues that may threaten the economic progress of the U.S. The nation is known as a job-generating, productive and innovative economy, despite its social problems. But several factors may affect this, such as its increasing international indebtedness. Liabilities are expected to double in the next few years. Another problem is the consistent inability of U.S. companies from various sectors to compete against foreign rivals that affects productivity and investment. The country's social mobility is declining as tax and spending cuts undermine advancement opportunities.

See Also:

UNITED States -- Economic conditions; ECONOMIC development; SOCIAL problems; DEBTS, Public; GLOBALIZATION; INVESTMENTS
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