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Economics

Six Reasons the U.S. Will Dominate

Aug. 28 (Bloomberg) -- Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a percentage of gross domestic product, the U.S. will enjoy six major long-term advantages over its competitors.

Demographics: The current immigration debate in Washington isn’t about whether to throw out undocumented immigrants, but about how to give them legal status and a path to citizenship, and attract highly educated and skilled newcomers. Only a few other countries such as Canada and Australia are as open as the U.S.