This paper is based on my analysis of the work “A Report on Life in the United States: Social Classes in Modern America; Conditions and Quality of Life in the USA and the Future Prospects for the American Society and Economy, A Strategic Think Piece by Robert J Weishan, PhD. The intent of this paper is to explore future prospects for American society and the US economy. To frame the analysis, I will investigate the concept of SWOT, Strength, Weakness, Opportunities and Threats, in the American context as presented by the underpinning paper.
Introduction
United States of America is a federal republic that was founded in 1776. It is revered for its economic, technological and military prowess. It has the largest market in the world with an estimated 2009 GDP of $14.3 trillion (a quarter of nominal global GDP and a fifth of global GDP at purchasing power parity). At 3.79 million square miles (9.83 million km2) and with over 311 million people, the United States is the third largest country by total area, and the third largest by population. It is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries. The U.S. economy is the world's second largest national economy estimated at $16 trillion (GDP) out ranked only by the European Union and just barely. 1
SWOT Analysis
SWOT is a strategic planning tool that I will use to evaluate the strengths, weaknesses, opportunities, and threats of the United States of America as a country. It involves specifying the present position the America (already done in the background paper) and identifying the internal and external factors that are favourable and unfavourable to that positioning with a view to create policy plans that will strengthen strengths, eliminate weakness, maximize opportunities and minimize threats. The strengths and weaknesses usually arise from within, and the opportunities and threats from external sources.
The SWOT