CIAO DATE: 12/03

Understanding the Role of the United States in the Global Economy

James K. Glassman and Kevin A. Hassett

On The Issues

August 2003

American Enterprise Institute for Public Policy Research

Abstract

Critics of globalization and America's dominant economic position fail to recognize that the primary beneficiaries of globalization are developing countries, many of which run substantial trade surpluses with the United States. Far from being a predator in the world economy, America offers an invaluable market to the developing world.

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