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Newsweek : Comeback Country

By April 12, 2010No Comments

The tale of the economy’s remarkable turnaround is largely the story of swift reaction, a willingness to write off bad debts and restructure, and an embrace of efficiency—disciplines largely invented in the U.S. America still leads the world at processing failure, at latching on to new innovations and building them to scale quickly and profitably. “We are the most adaptive, inventive nation, and have proven quite resilient,” says Richard Florida, sociologist and author of The Great Reset: How New Ways of Living and Working Drive Post-Crash Prosperity.

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