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<a href="http://www.accessmylibrary.com/article-1G1-131934234/not-so-super-anymore.html" title="Facts and information about Not So Super Anymore; New Era: America is still No. 1, but no one is at the wheel of the global economy any longer. Who will run the next crisis?">Not So Super Anymore; New Era: America is still No. 1, but no one is at the wheel of the global economy any longer. Who will run the next crisis?</a>
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Not So Super Anymore; New Era: America is still No. 1, but no one is at the wheel of the global economy any longer. Who will run the next crisis?
Byline: Robert J. Samuelson
The United States is the world's leading economic power--but perhaps no longer the world's economic leader. There's a difference. No one doubts the singular wealth or position of the American economy. It's roughly 2.5 times bigger than Japan's, six times larger than Germany's and eight times bigger than China's. The dollar, the reigning currency for world trade and international investment, represents about two thirds of governments' foreign-exchange reserves. American capital markets and investment banks remain supreme. In 2003 global companies and governments sold more than $5.3 trillion worth of stocks, bonds and other debt, says ...
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