Is America Losing At Globalization?

Countries compete, and in the modern era, economics, education and innovation matter no less than military might. With a strong education program and many life-changing inventions, the US mastered globalization throughout the 20th century. But complacency set in, respect for science and education fell, and the growth that comes from innovation has waned. Other countries have caught up and even surpass the US in applying new technologies and building infrastructure. The US government and many of its major companies rely on financing from China, Russia and countries throughout the Middle East. As a result, US workers express less confidence in globalization and free trade. Isolation is not the answer, cautions Daniel Gross for Newsweek. Relying on Olympics symbolism, Gross suggests that economic success is a team sport rather than an individual event. Countries benefit by cooperating on economic matters and spending and investing with long-term purpose that enhances the common good. – YaleGlobal