hallenges to the american economic hegemony in the 21st Century

Abstract

This study aims to examine the challenges that face the United States as an economic superpower in the 21st century. The United States went ahead of developed countries and dominate the global economy with complete control in major economic sectors such as science and technology, electronic industry, and new inventions in Information Technology. It has achieved this rank due to the combination between the existing resources, historical factors, and its economic policies and strategies. The present topic investigated and analyze the factors that enabled the United States of America to dominate the global economy during the 20th century and the strategies that permit it to keep its economic leadership among the developed countries. The work described and analyzed some historical studies that were conducted to figure out the reasons behind American economic hegemony. Moreover, highlighted some economic strategies that enable The U.S to maintain its Economic dominance. Despite the challenges of the rising powers to the U.S economy, the U.S faces internal challenges at economical,educational, and cultural levels to cope with current Tech needs and status. Furthermore, the U.S needs a more skilled workforce to face the moment‟s technological challenges.