10 reasons America will dominate the global economy for years

The U.S. economy is in recovery mode right now.

Sure, investors have been spooked by Fed taper talks, the Bank of Japan's unprecedented economic experiment, persistent jitters out of Europe, and concerns of a credit crisis in China.

But by in large, investors should be pleased with the way things are going domestically, according to a new report from Joseph Quinlan, Chief Market Strategist for U.S. Trust.

We walk you through U.S. Trust's 10 theses that show "what's right with America."

                   1) The U.S. economy is the largest and most productive in the world - The U.S. accounts for one-fifth of global GDP with only 4.5% of the world's population. America's economy is nearly twice the size of China's in nominal dollars. Plus, the U.S. is one of just a few developed countries with real GDP higher than it was before the crisis, according to the report.

    2) The U.S. leads the world in manufactured goods - Nominal manufacturing output totaled $1.9 trillion in 2012, a rise of 27% from 2009. Employment in the sector has increased by 500,000 workers since 2010, according to U.S. Trust.

    3) The U.S. is among the largest exporters of goods and services - Exports since the recession have taken off. In 2012, total exports totaled $2.2 trillion, nearly a 40% rise from 2009 levels, according to the report.

    4) Foreign investors still love the U.S. - U.S. Foreign Direct Investment inflows in the post-crisis years racked up $736 billion. That's 15% of the global total, according to U.S. Trust. And while people talk about investment in China, America is still on top by a landslide.

   5) America has the top global brands - In 2008, eight out of 10 of the world's top brands were American.

    6) The U.S. is the world leader in technology - People still flock to America to become tech innovators. The U.S. is home to the major social media players and beats out other countries in spending levels.

   7) America has the world's best colleges - American college kids fill their minds with kegs worth of knowledge at some of the world's best universities. Six out of the top 10 universities in the 2012 Quacquarelli Symonds World Rankings’ were American.

    8) The U.S. dollar is king - It's the world's reserve currency. From the U.S. Trust report: "The greenback accounted for roughly 62% of global central bank reserves as of the fourth quarter of 2012, according to the IMF, a share down slightly from 2008 but relatively constant over the post-crisis years." It crushed the beleaguered Euro.

     9) The U.S. has one of the most competitive economies - In the latest competitiveness survey from the World Economic Forum, the U.S. slipped to seventh place, down two spots, according to the report. Still, U.S. Trust guesses America will head north on the list in the future.

   10) America is in the middle of an energy Renaissance - Much to the chagrin of some environmentalists, U.S. domestic oil production is in revival mode. It exceeded imports for the first time in 16 years, according to the report. Thanks to "fracking" that unlocked shale in North Dakota, Oklahoma, and Texas, the U.S. has seen a major surge in production, the report notes.
    Click next to view the list of the 10 most powerfull women in the world.

    1. Indra Nooyi
    Indra Nooyi is the CEO of PepsiCo. This Indian-American business executive joined PepsiCo in 1994, boosted profits and won several honours, awards and international recognition. Apart from topping the list of the most powerful women in business she is also considered to be the tenth most powerful woman in the world, according to Forbes.

    (Photo: Getty Images)

   2. Maria das Graças Silva Foster
    Maria das Graças Silva Foster is the CEO of Petrobras-Petróleo Brasil, Brazil’s state-controlled oil company. She is considered to be the world’s first woman to head a major oil and gas company. Apart from being known as one of the most powerful women in business, she is also recognized as one of the most influential people in the world.

    (Photo: Getty Images)

    3. Irene Rosenfeld
    Irene Rosenfeld is the Chairman and CEO of Mondelez International. It has been more than 30 years since Rosenfeld has been involved in the food and beverage industry. Apart from taking responsibility as a CEO, she also serves on the Board of Directors for the Grocery Manufacturers Association and the Cornell University Board of Trustees. Irene Rosenfeld also sits on the Board of Directors of the Consumer Goods Forum.

   4. Sheri McCoy
    Sheri McCoy is known as the CEO of Avon Products and former Vice Chairman and member of the Office of the Chairman of Johnson & Johnson. She is an American scientist and a business executive. In February 2012, after having worked for about 30 years with Johnson & Johnson, McCoy was passed over for a promotion to succeed William C. Weldon as Chief Executive Officer.

    (Photo: Getty Images)

    5. Marillyn Hewson
    Marillyn Hewson is the Chief Executive Officer of Lockheed Martin. Hewson joined Lockheed Martin in 1982. She has held a variety of increasingly responsible executive positions with the company before being elected as the company’s CEO. She also serves on the Board of directors for DuPont and Sandia National Laboratories.

    (Photo: Getty Images)

   6. Mary Barra
    Mary Barra is known as the Senior Vice President of Global Market Development of General Motors. She is recognized as one of the most powerful women in the world of business.

    (Photo: Reuters Pictures)

     7. Ellen Kullman
    Ellen Kullman is recognized as the Chief Executive Officer of DuPont and a former director of General Motors. Kullman began her business career at General Electric and joined DuPont in 1988 as marketing manager in the company's medical imaging business. Today, she is among the most powerful women in business.

    (Photo: Getty Images)

    8. Rosalind Brewer
    Rosalind Brewer serves as the President and CEO of Sam’s Club, Wal-Mart Stores. After graduating from Spelman College, she started her career at the Kimberly-Clark Corporation. In 2006, she joined Wal-Mart and in 2012 she was appointed President and CEO of Sam's Club.

    (Photo: Getty Images)

   9. Zhang Xin & family
    Zhang Xin, a Chinese business tycoon is the CEO of SOHO China, the largest commercial real estate developer in Beijing. She is one of the most powerful women in the world, especially in business.

    (Photo: Getty Images)

     10. Angela Ahrendts
    Angela Ahrendts is known as the CEO of Burberry. She joined Burberry in January 2006 and took up the position of CEO in July, 2006. Under her leadership, the company is regarded as one of the leading brands in the world.

    (Photo: Getty Images)