Should The United States Engage In Targeted Industrial Development As A Means Of Remaining Competitive In The Global Environment?
Number of pages:
5
ABSTRACT:
5 pages in length. It is a well-known adage that a Jack of all trades is also a master of none, a wise saying that not only applies to individuals who spread themselves too thin but can also represent the economic practices of super power countries like the United States. Determining whether or not engaging in targeted industrial development is the right decision for remaining competitive in the global environment is an assessment based upon myriad factors that – when taken both independently and as a collective sum – illustrates why this approach might work for some nations yet not others. The United States has historically enjoyed a tremendous wealth of significantly vast and varied industrial development that has allowed for the nation as a single entity, as well as the states acting as self-governing agents on their own behalf, to reap the economic benefit of many industries. Being that this overall broad-brush approach to economic stability has proved viable amidst growing global competition, there is no truly worthwhile reason to change tactics midstream. Bibliography lists 4 sources.
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