Economic Powers

Economic Powers

1. Traditional Powers

   • USA
     • World leading companies
     • Entrepreneurial spirit
     • Investment in research
       • leader in scientific and technological advances
         • Increases productivity and competitiveness
     • quality university education
       • higly skilled labour force
     • large amount of natural resources and energy
     • high flexibility
       • rapid adaptation to change
     • foreign investment
     • dollar - world most important currency
     • cosumption is very high
     • what occurs in the USA is extremely important to the rest of the world
     • weak points
       • families have heavy debt
       • US imports much more than it exports
   • JAPAN
   • E.U.