Beverly Hills 2/2/2010 3:00:54 AM
News / Business

What Will Save the U.S. Economy?

Financial World News Update by EQUITIES Magazine

The economic recession emphasized a fact that went unnoticed over the past decade because of robust global growth: the U.S. service-driven economy model is no longer effective due to other countries’ creation of their own service industries. Fueled by investments in their human capital, the benefits of globalization, and advances in technology, many more countries can now provide the same services that were once the exclusive domain of developed Western nations.

 

In his article “Back to Basics: More Goods, Better Services” Diplomatic Courier contributor Rami Turayhi calls for a boost in U.S. exports through secure services and real products as a solution to this problem. Describing the old service-drive economy model as “the decisive factor that is undoing the very fabric of American economic progress and its accompanying (relative) egalitarianism,” Turayhi acknowledges that there are many potential solutions, some of which have already been put forward.

 

However, he makes the point of saying that if the American middle-class hopes to survive, “a new and more sustainable growth strategy must be formulated.” The question Turayhi closes his article with is one  many of voters are asking themselves: “are American politicians up to the task?”

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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