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Why has the U.S. become the world leader in developing great products?

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Why has the U.S. become the world leader in developing great products?

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Many will say that the wealth of resources we have in the United States has allowed this country to step to the forefront of new product development. They speak of the financial, educational, and natural resources found in the U.S. in abundance as the reason for our world leadership. When you think about the young age of this country (230 years) compared to other geographically large countries throughout the world, it’s quite amazing that the U.S. has taken such a leadership role. According to a recently released study, over 50 percent of U.S. annual GDP growth (gross domestic product) can be attributed to increases in our innovation.

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