The world accepts the might of the US economic power. In fact, its policies have shaped world trade agreements and institutions such as the World Bank and the International Monetary Fund (IMF). In the period 1949-1973, the US economic growth was very strong and when Bill Clintons presidential tenure ended, it had a budget surplus of $5.6 trillion.
ABOUT THE AUTHOR N. Janardhan Rao
N Janardhan Rao holds an MA (Economics) from Osmania University and PGDBA. He is presently working as Deputy Editor at the Icfai University Press. He is a member of Board of Editors of Icfai and also Consulting Editor of Icfai Journal of Knowledge Management, and MBA Review. He regularly contributes articles to the Chartered Financial Analyst magazine and other Icfai Publications, such as Icfai Reader and Global CEO. His articles have also been extensively published in The Financial Times column, a publication of the Times of India Group. He has also edited more than two dozen books published by Icfai Books. His areas of interest include business environment, international finance, financial markets, corporate strategy and general management.
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