California Conservative

In the coming decades, China and India’s economic growth will challenge the U.S. in ways that we can barely begin to imagine. But some say the U.S. could beat the gloomy projections.

Businessweek Online reports: “America’s New Competition — How the U.S. could beat the gloomy projections.”

The bottom line: “[T]he U.S. can still thrive if it invents new industries to stay one step ahead.” Translated: Encourage innovation by promoting new business, which means making taxes less burdensome to stimulate growth.

“China and India are undeniably on the rise. Whether the U.S. can match Asia’s dynamism is in America’s own hands.”

In the hands of our government.

This entry was posted on Friday, August 19th, 2005 at 1:11 am and is filed under Asia, Capitalism, Economy, Foreign Policy, Washington, DC. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.