Buy essay on The United States is the largest economy in the world

At the beginning of XXI century the contradictory estimations of scientists and specialists, politicians, and also wide layers of population both in the United States and in other countries cause the state of the financial system and their international financial positions of the USA. This contradiction is related to the quickness and radical character of changes in international economic positions of the USA which not immediately were intelligent adequately. It is possible to notice from the position of traditional presentations that at obvious economic superiority of the USA above other countries of the world in financial position of this country there were considerable deviations from the accepted criteria of equilibrium. It inevitably causes questions in relation to validity and stability of position of the United States as a world economic leader. Accepting as a fact the world leadership of the USA on economic potential, achievements in area of scientific and technical progress, financial power and world influence, analysts expect «sudden» and strong crisis shocks, instantaneous capable to change all around.

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This paper will be about the United States of America economical status and how they develop it in the frames of today’s situation in the world. I would like to discuss its role in the world economy and how the grows and also the problems of its external and fiscal imbalances affect growth in other parts of the world.
Fears before possible crisis tendencies in the American financial system have certain warrants, which follow from the processes of globalization, changing the look of world economy. One of the key roles belongs to the USA in world trends. However, this role got a complete enough and objective estimation not always. Stratifications, related to perception of negative consequences of these processes, interfere with it quite often.
I think it is necessary to look through historical context of our question, because it will help us to understand nowadays situation. I found the data that terms for forming of modern position of the USA in a world economy were formed in 1970th, which can be named a critical decade.1 This period is marked the row of large changes in world economic development. Changes are in process in the situation of world crises, meaning dying off of out-of-date old and formation of new configurations of international economic co-operation of the world countries. Considerable part of 1970th was occupied by becoming new pattern of international trade, re-erecting of the world currency system, creation of the Jamaican system of floating courses of currencies, exempt from attachment to gold. The system of international capital flow was parallel formed on the basis of its liberalization and strengthening of market principles.
Cardinal changes in the policy of countries-exporters of oil and frequent increase its prices, taking place in this period, affected the processes of pricing in other raw material industries and entailed the necessity of passing to the new technological mode.