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Weakest Link?

In the race for global competitiveness, is the U.S. falling behind?

This story appears in the February 2008 issue of Entrepreneur. Subscribe »

On summer nights along Nanjing Road, Shanghai's classy shopping street, Chinese yuppies strut in Italian leather jackets and designer jeans. But the hip young consumers show off Chinese-made mobile phones, shirts and even cars. Once known only for cheap goods, and other emerging powers like are now competing with America in making high-end products. Indian drug companies are becoming global giants, while China's carmakers are preparing to export.

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