Question

Do you think the US is still considered one of the "Super Power" countries it once was? I feel like we have lost some of our edge so to speak? How could us slipping in the "super power" ranking effect us financially?

Answer 1

The United States of America (U.S) is the most advanced country in the world.
The gross domestic product (GDP) of the United States is 19.49 trillion dollars.
The U.S has the highest GDP in the world followed by China at 12.23 trillion dollars.
The reason why the United States is considered to have lost its edge is that China
is growing at an economic growth rate that is faster than the economic growth rate of
the United States.
China is growing at an annual GDP growth rate of 6.5%, while the U.S is growing at 2.8%.
However, the United States is a larger economy and has fewer people, so comparing the
growth rates of the two countries is not fully relevant.
The new world order will see emerging countries like China also have a role to play in
global governance. However, the per capita income will remain to be much higher in advanced
countries like the United States and the United Kingdom. The world economy will continue to
grow and more nations will enjoy the superpower status, but many advanced countries like the United States
will continue to remain global powers. The U.S faces a challenge from China in terms of nominal GDP,
however the United States will continue to be ahead in terms of per capita GDP. The U.S will
be ahead of China in terms of per capita GDP because China has a much bigger population.