| Economic Growth Overseas Post Dot-Bomb by
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| | years.
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| Erasmus
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| | But economic growth outside the United
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| As the United States leisurely grows its
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| | States has by no means been confined to
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| economy at rates below 3%, the rest of
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| | Europe. One of the most important sources
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| the world must drive the global engine of
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| | of world activity has been in China.
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| prosperity. The Post Dot-Bomb period,
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| | China's economy grew at an annualized
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| during which the United States has grown
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| | rate of more than 11% in the first
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| its own markets uninterrupted by
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| | quarter of 2007. China's recent
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| recession, has been characterized by much
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| | commitment to recognize private property
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| higher rates of growth elsewhere.
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| | has spawned a new generation of
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| The expansion of the European Union to
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| | entrepreneurs. One real estate investor
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| include Eastern Europe has driven growth
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| | in China has built a financial empire
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| in the "Old Europe" economies of Britain
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| | worth $9 billion in just over a decade.
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| and France with an influx of cheap labor
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| | Ultimately, the sources of economic
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| while "New Europe" has witnessed
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| | growth worldwide are as varied as the
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| explosive growth. Countries like the
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| | peoples that experience it. The great
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| Czech Republic have successfully
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| | unifying hope for continued growth lies
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| leveraged their highly educated
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| | in the rapid adoption of technology
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| populations into growth rates of median
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| | across the developing world. The United
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| wages in excess of 40%. The Latvian
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| | States' reliance on high technology and
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| economy in particular has witnessed wage
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| | research and development has given the
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| growth in excess of 200% during this
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| | rest of the world a tremendous gift.
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| period.
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| | Moving rapidly to install up-to-date
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| Export-oriented economies around the
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| | technology, China and Eastern Europe have
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| world have grown more strongly than the
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| | been able to skip whole generations of
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| United States as well. Germany, one of
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| | technology. As Latin America and Africa
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| the world's great exporting powers, has
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| | work up from even further behind, they
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| turned its domination of niche
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| | ought to experience enhanced growth rates
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| manufacturing markets like sensors for
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| | as well. Even in an environment of slow
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| satellites. Germany's success has
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| | growth in the United States, global
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| manifested itself in global capital
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| | prospects for continued economic growth
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| markets. The Euro has recovered more than
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| | are excellent.
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| 30% against the dollar in the last 2
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