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Steve McIntosh Report Blog



US economy becoming more competitive

In spite of all the bad talk you may hear, the United States economy is very competitive. After sliding in the rankings for four consecutive years … U-S-A Today reports … the United States moved up two places in the World Economic Forum’s competitiveness ranking … from seventh last year to fifth in 2013.
A combination of factors, including improving financial markets and a strong university system, helped the U-S improve, despite its weak macroeconomic environment … says U-S-A Today.
Seven of the ten most competitive nations had at least 50% of G-D-P in gross general government debt as of 2012. Three of them … Japan, Singapore, and the United States … had more than 100% of their G-D-P in debt.
The top-rated economies were U-S fifth, Germany fourth, Finland third, Singapore second, and Switzerland number one.
The World Economic Forum ranked more than a hundred economic indicators that it grouped into 12 broad categories … to come up with the Global Competitiveness Index (G-C-I) score for each country.
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Our thought for today is from Jerry Flint:
 
“Competition is a painful thing, but it produces great results.” 


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People : Jerry Flint




 
09/18/2013 1:30AM
US economy becoming more competitive
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