The United States has only the World’s third largest population and fourth larges land mass, yet it possesses the largest economy. With a 1999 GDP of 88.7 trillion, it accounts for more that one-quarter of the world’s GDP. The United States enjoy the highest per capital income of the North American countries. The United States occupies a unique position in the world economy because of its size and political stability, accounting for about one-seventh of world trade in goods and services. It is the prime market for lower-income countries trying to raise their standards of living through export-oriented economic development strategies. It is also the prime market for firms from higher-income countries trying to attract business from its large, well-educated middle class. The United Sates also is an important recipient of long-term foreign investment. Foreigners have invested nearly $ 1 trillion in U.S factories, equipment and properties.
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