restige (inevitably a relative matter), per capita wealth (an absolute
matter mostly, but with a psychological component that involves
transnational comparisons), security and stability as defined by the
absence of wars and threats, and the progress of American values such as
global democratization, human rights, and the market economy" (Harkavy,
1997, p. 583). Under these conditions, America's status as a superpower is
The performance of any economic system depends factors such as
institutional structure, policies, and the level of development (Montias,
1974, cited in Elliott, 1993). The stratification of social classes based
on the new technological needs is being seen in the urban centers around
the world. The serf of the Middle Ages was replaced by the career employee
and has now been replaced by 'cheap labor' that is exploited for the
benefit of profit. The depersonalization of the workplace is seen in the
use of temporary and foreign workman instead of a stabilized system of
employment. The threat of moving the company to a foreign site provides
leverage by which benefits are denied and wages are decreased while the
standard of living increases according to economic growth seen only on the
high end of the income stratification.
Economic development on a superpower' level is thought to be been
profoundly affected by geo-political and military exigencies and ambitions
and can only be supported as long as there is a successful and extensive
development strategy aimed at generating continued high growth, military
provisioning remains moderate and the population continues to defer rising
...