Although the United States has gained influence over some areas of the world economy, one area of industrialization where it has lost influence relative to other countries is in

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The United States has lost influence in the steel industry to countries like China, Japan, and South Korea. The decline in the U.S. steel industry is partly due to competition from low-cost producers, but also due to factors such as outdated infrastructure, high labor costs, and government policies. Biotechnology, computer software, military aircraft, and information services are all areas where the U.S. still holds significant influence.

Although the United States Has Gained Influence Over Some Areas