After World War II, the United States was the worlds dominant economic power. Were still the largest economy, but the rest of the world has caught up significantly. In some areas, weve lost the lead. The production of consumer electronic equipmeAfter World War II, the United States was the worlds dominant economic power. Were still the largest economy, but the rest of the world has caught up significantly. In some areas, weve lost the lead. The production of consumer electronic equipment, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.nt, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.