This AY-10 student research paper argues that the U.S. should adopt
a grand strategy of "economic renewal." The author believes that by
taking steps to reduce its debt and leading an international effort
to replace the dollar as the global currency, the United States can
focus on rebuilding its economic power and maintaining its role as
a global leader. He expects supporting military, diplomatic, and
informational strategies will ensure the world sees these changes
as the actions of a global power leading visionary change instead
of a declining power trying to hold onto a fading empire. He
concludes changes led by the U.S. are essential for this country to
maintain its power as well as to shine as a beacon of free market
and democratic principles around the world.
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