Globalization and U.S. Economy

Abstract

Beginning with the 1989 end of the Cold War and the subsequent collapse of communism, it focuses on globalization and rapid technological change and covers a broad sweep of economic developments and political cultures.U.S.economy is rapidly increasing its economic power and continuing a consecutive long growth in the 1990s. Now U.S.is the unipolar in the world.American economic success in the 1990s is a product of a recently fashioned New American Economy based on globalization, the computer, and corporate dynamism.Deregulation, privatization, and securitization have paved the way for a unprecedented prosperity of American economy.However it is very fragile of a global and integrated economy in the world and has some difficulty on everlasting prosperity of U.S.economy. If the United States does not resume its leadership role, the Great Age of global capitalism is likely to disappear.