October 1, 2015

THUS DEVOLUTION:

Study: America has the most competitive large economy on earth (James Pethokoukis, October 1, 2015, AEI)

In its latest report, the World Economic Forum  -- the Davos people -- ranks the US economy as the world's third most competitive, behind Switzerland and Singapore. So actually the US is the most competitive large economy. From the report:

The United States retains 3rd place. Although many risks arguably loom on the horizon, the country's recovery can build on improvements in institutions--government efficiency is rated higher than in previous years--its macroeconomic environment, and the soundness of its financial markets.

The United States' major strength is its unique combination of exceptional innovation capacity (4th), large market size (2nd), and sophisticated businesses (4th). The country's innovation capacity is driven by collaboration between firms and universities (2nd), human capital (4th on availability of scientists and engineers), and company spending on R&D (3rd). The United States also benefits from flexible labor markets (4th) and an overall well-developed financial sector (5th).

The point, of course, is that the U.S. is too large, so we'll devolve into several separate (though allied) polities over time.

Posted by at October 1, 2015 7:08 PM
  

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