Why the US economy keeps defying the odds
Cătălin Roșioru
In Dresden, in east Germany late last year, the final car rolled off the assembly line at Volkswagen's "Transparent Factory", built to showcase the pinnacle of European industrial power. Thousands of miles away in Spartanburg, South Carolina, a different German giant, BMW, is running its biggest plant in the world. The contrast between the two plants helps explain a puzzle economists have been debating for a while: why has the American economy continued to outperform so many of its peers,
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