Dambisa Moyo – 12.13.17
Ask people who remain positive about America’s long-term economic future about the reasons for
their optimism and many will point to three unique selling points of the country: entrepreneurial
spirit, world-class educational institutions and the depth of its financial capital markets.
There is no question that US entrepreneurial spirit has set itself apart from both developing and
developed countries over many decades. America is the home of Silicon Valley and the companies
that lead the world of technological innovation — encapsulated in the highly valuable technology
stocks of the Fangs: Facebook,Amazon,Netflix and Google. The big consumer names of Coca-Cola
McDonald’s and Starbucks continue to dominate their markets globally, as do the automotive
giants — Ford, General Motors and now Tesla — and industrial and aeronautical behemoths such
as General Electric and Boeing.
The country’s educational institutions also retain their pre-eminence in terms of research and
development, and as innovators in medicine, technology and telecommunications.
