This paper proposes a new method of measuring the position of the United States in the world economy defined by the GDP standard as before. The central argument is that previous approaches relied solely on measuring position on the basis of geography. GDP produced on American soil, including its export and import components, were indiscriminately considered to be \"American\". More realistically, the measurement of the U.S. economic power needs to be adjusted for the foreign element in local production, imports and exports. More specifically, the role of majority-owned foreign direct investment enterprises within the U.S., as well as their U.S. corollaries abroad, needs to be explored. Thus, the real economic size of a nation can be precisely measured on the basis of capital control rather than national geography, which now loses any meaningful reference role altogether. Substituting this new approach also allows for a more realistic, direct assessment of national competitiveness in the global economy. The step-by-step implementation and consequences are explained in the paper. Ultimately, national competitiveness is determined by the relative trend developments of the outward versus inward direct investment forces.
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