Lester Thurow lecture

The Economic Game of Our Era: U.S. Dominance Approaching to the 21st century, world economy becomes more and more global. In today’s life, several parts of an item can be made in different countries and unified to produce an output. Realize a laptop whose processor is made in U.S, by Intel, whose screen is coming from Japan, Toshiba, and whose other various parts are coming either from Taiwan or from Korea. Lester …

…the countries in the world except Japan. So, it’s obvious that U.S. dominated world economy a little bit! Today, the name of the world power is America. Its economic dominance on the world is obviously the reason of this power. In a knowledge-based economy, U.S. plays the game exactly as it should be. And as Lester C. Thurow mentions, the gap between U.S. and the other countries becomes larger and larger.