U.S. Wins Title of World’s Most Competitive Economy for First Time in a Decade

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ramases2112

Federal Marshal
Jun 28, 2008
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Inside the Basket of Deplorables
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#1
https://www.breitbart.com/economy/2...mpetitive-economy-for-first-time-in-a-decade/
Davos just declared that America is great again.
The World Economic Forum, which hosts the annual conference of global elites in Switzerland, said on Tuesday that the United States is the most competitive economy in the world.

The U.S. has not held the number one spot since 2008, when the aftermath of the financial crisis and bungled recovery efforts left the U.S. economy limping.


“The United States, as one of the world’s great innovation powerhouses, is very well positioned in this new competitive landscape,” the Forum said in an article explaining its ranking. “It ranks first overall in the world in three of our twelve pillars; business dynamism, labour markets and financial system. It comes second in another two; innovation (behind Germany) and market size (behind China).”

The U.S. is followed by Singapore, Germany, Switzerland, and Japan in the top five. The top ten includes the Netherlands, Hong Kong, the U.K., Sweden, and Denmark.

Roughly 70% of the U.S. score originates from data supplied by international organizations such as the United Nations and the World Bank, which typically are produced with a two to three year lag, according to the Forum.
“Does this mean that the US’ ascent can solely be attributed to the far-sighted structural reforms and innovations of its previous administration? The answer here is a very firm no: some of America’s strengths predate even that period. Likewise nor can we dismiss the efforts of the current administration: if 70% of the report’s weighting comes from hard data, the remaining 30% represents the views of America’s business leaders: if they are positive about America’s competitiveness then their views will be very much based on the here and now,” the Forum explained.
 

CowboyOrangeFan

Mmmm, yeah.
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Jun 9, 2006
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#4
It's amazing what happens when you remove the regulatory boot of government from the throat of the economy.
It's Trump's Fault!!! Oh.... Wait... This is a continuation of the great policies of BO!!! ;)
From their site.
The first thing to note is that this is the first year that we have formally adopted a new methodology for measuring competiveness. It’s a radical departure: around 66% of the indicators we use this year are new
 

Rack

Federal Marshal
Oct 13, 2004
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#9
This is great...but when do we start to rebuild our infrastructure as Trump promised. Both Democrats and Republicans want better transportation and roads. We all use them...why don't we all work to improve them. If the new policies are producing a better economic landscape we should be able to take advantage of the increased revenues to start the massive investment by both private and public works in order to complete that huge task. The reason this came to mind was the #2 nation on that list and their infrastructure. Of course it is a city/state so it's easier to focus their energies.