The US economy

The US economy dates back to those distant times when the first settlers arrived to the mainland in search of a better life. Of course, the United States did not exist then. However, it was the first Europeans who laid the foundations of the America that we know today. The US is a country that embodies economic power. Despite the fact that she has a debt and there are cyclical crises, she continues to lead. The New World, where Europeans of different nationalities and cultures emigrated, promised one thing: rapid enrichment and a new life. So the American dream was born . When the country gained independence, the first economic charter for it became the Constitution. The federal government announced that the entire territory of America is a common market.

The US economy in the 21st century has achieved tremendous results. Such indicators became possible due to centuries of continuous striving for domination. America has shown excellent results in the scientific and technical sphere, as well as in the social sector. The US economy has been the center of development of the general economic potential for the last hundred years. True, in the last decade, there has been some decline in the country's development. It all began with the fact that in early 2001 the country began to enter the zone of crisis, which even prominent economists and analysts missed. Nobody expected that after such a long period of prosperity and crisis-free development, the state could receive any serious blow. The US economy seemed unshakable, like a monolith. Another blow for the country was a terrorist attack in the same year.

Despite all the fateful circumstances, the United States managed to get out of the critical situation. However, a few years later, the country caught another unpleasant surprise. In the United States, a crisis began, which gradually spread to other countries and grew into a global one. Another problem that has not been resolved to this day is the growth of external and internal debt. Today it is the largest in the world. However, the US economy is unlikely to suffer from it. Against this background, it is worth noting that America has its own achievements. For example, it is here that 40% of computers are located. In addition, the country is constantly improving information technology. The US spends huge sums of money on research and development. No other country has such a pace of financing this sphere.

The US economy is mostly post-industrial. Here, about 80% of GDP is employed in the service sector. This is an unprecedented case. There is no country in the world in which this sector would be so developed. Also in the US, low unemployment and one of the lowest inflation rates. All this is the result of the development that the US economy achieved after the Second World War. It was from this period that the state began to gain momentum. Its GDP has stabilized, and the standard of living has risen.

It is known that the United States has the highest percentage of highly qualified personnel. There are approximately 80-85% of specialists in the world equivalent. There is an explanation for this, it is very simple. In the states, many educated and talented people emigrate from all over the world. The state attracts them with a high standard of living, stable and reliable economy, transparency of the economic system, fair legislation.

Also scientists leave here, who can count on continuing work in more civilized conditions. Here, research activities and innovations are supported. Capital in the country has even workers. Some of them are shareholders of companies and corporations, in which they themselves work. America is a country of market relations, and it continues to support the chosen direction, despite all the vicissitudes in the world economic space.