And it is true that we are seeing some positive indicators. Domestic demand has picked up in Europe and Asia, and has slowed somewhat in the United States. Oil prices appear to have stabilized, and the U.S. dollar has depreciated on a trade-weighted basis, helping to encourage U.S. exports and discourage imports. The U.S. current account deficit has shown signs of stabilizing.
28 How can a country acquire these talents? If aided by history, it will find them embedded in its culture and traditions. Otherwise, purposeful political action is required to stimulate the creativity of inventors and entrepreneurs.