Journal of Economic Perspectives: Vol. 14 No. 1 (Winter 2000)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

Can America Stay on Top?

Article Citation

Krugman, Paul. 2000. "Can America Stay on Top?" Journal of Economic Perspectives, 14(1): 169-175.

DOI: 10.1257/jep.14.1.169


The United States has long enjoyed a unique position of economic supremacy. By the early 1990s, however, almost everyone believed that the age of U.S. supremacy was nearing its end. Circa 1992 few people would have dared to suggest that a second "American Century" might be in prospect. At the millennium, however, such suggestions are indeed being made. Several years of extremely favorable U.S. economic performance, all the more dramatic in contrast to some of the crises and setbacks elsewhere, have made it seem possible that American supremacy, far from being further eroded, will return to something like its early post-World War II levels. But can America really stay on top? To raise this question is not in any sense to accept the idea that the world economy is a zero-sum game; if America does well, this is not bad news for the rest of the world, nor is a renewed supremacy based on dismal performance elsewhere good for us. But it is still interesting to ask whether the special position of the United States in the world economy has gained a new lease on life.

Article Full-Text Access

Full-text Article (Complimentary)


Krugman, Paul (MIT)

JEL Classifications

O51: Economywide Country Studies: U.S.; Canada
F02: International Economic Order
O47: Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us