Game changers in the us economy Essay Example | Topics and Well Written Essays - 750 words

Game changers in the us economy - Essay Example Shifting through more than a dozen possible game changers to boost this sluggish growth, five such theories have been identified as feasible for US market. These five will act as a catalyst for the US market and revive it from this depressing state. These five can further be dived into: Shale energy, knowledge intensive trade, big data, infrastructure, talent development. Shale, knowledge, and infrastructure will prove to be the most effective game changers to help revive US from this crucial stage and all of the five will provide a strong foundation for long term growth and competitiveness. Shale energy is the production of natural gas and light tight oil extracted from very deep grounds. It is too costly to extract these energy resources but US possessing the 4th biggest Shale gas resources has to utilize it properly so that they can enter the market accordingly. The production of natural gas and light tight oil is already booming in places like Dakota, Texas, and Pennsylvania as t he some stakeholders have realized the importance of the energy in terms of economical progress. If utilized properly then it could add a potential boost of $380-$690 billion to annual GDP by 2020. And this will in turn generate an additional 1.7 million jobs. Moreover, by producing their own energy from natural resources the US imports will reduce to zero. But along with that the environmental risk must also be controlled to fully realize its potential.