After World War II, the United States was the world’s dominant economic power. We’re still the largest economy, but the rest of the world has caught up significantly. In some areas, we’ve lost the lead. The production of consumer electronic equipment, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.

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Asked Aug 17, 2019
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After World War II, the United States was the world’s dominant economic power. We’re still the largest economy, but the rest of the world has caught up significantly. In some areas, we’ve lost the lead. The production of consumer electronic equipment, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.

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United States has a world’s dominant economic power or leadership after World War II. The main reason is, United States was a major producer of war equipment a...

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