Welcome to the New American Century

by Lorenzo Piccoli

The Wall Street Journal recently reported of a dossier delivered to the clients of Goldman Sachs from the same office that anticipated the economic boom of the BRICs four years ago. The dossier shows that the US will remain the most attractive economy in the 21st century. This is due to the fact that the US maintains important relative advantages on all the other world economies on a variety of different levels: immigration, human capital, institutional trust. Even Rupert Murdoch’s Wall Street Journal recognizes the merits of President Obama in building trust and confidence among citizens.