Is the United States the Global Economy’s Comeback Kid?
The United States is obsessed by rankings. Walk by any magazine rack, and you’ll see that it is the issues with the rankings of colleges, hospitals, football or basketball teams that are the most thumbed through.
Sadly, in the game of global competitiveness, these rankings tell a sad story about the U.S. economy.
The World Economic Forum — the organization that sponsors the annual conference of the global uber elite at Davos — recently issued its annual Global Competitiveness Report.
Every September, the forum ranks the world’s 144 economies, based on 12 pillars — institutions, infrastructure, macroeconomics, health and primary education, goods and market efficiency, higher education and training, labor market efficiency, technological readiness, financial market development, market size, business sophistication and innovation.
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