US overtaken by Singapore, Sweden in competitiveness


Yes, there are a few Congressional politicians who get it. Not many.
Daylife/AP Photo used by permission

The United States has been overtaken by Sweden and Singapore in the World Economic Forum’s (WEF) competitiveness survey for 2010-11.

The change meant that the US slipped two places to fourth in the WEF’s latest ranking.

Switzerland, which overtook the US last year, remains the top ranked economy.

Germany rose to fifth, and was the best placed eurozone country. The UK, after falling back in recent years, moved up one place to 12th position…

The WEF says the US has lost ground because of what it calls a weakening of its public and private institutions, as well as what it describes as “lingering concerns about the state of its financial markets”…

The WEF report reflects the improving fortunes of the developing world, but shows it still has a long way to go before it matches the developed world for competitiveness…

Klaus Schwab, founder and executive chairman of the World Economic Forum, said: “Policy-makers are struggling with ways of managing the present economic challenges while preparing their economies to perform well in a future economic landscape characterized by uncertainty and shifting balances.”

Understand that the Republican Party and their Tea Party flunkeys could give a rats’ ass about a report like this.

Competitiveness, modernity, manufacturing capacity, design standards, interest in growing into future needs – mean next to nothing to the political hacks who engineered liar loans for sub-prime mortgages, kicked-off the whole world of outsourcing to optimize profits, refuse to participate in the simplest of well-established economic reforms to aid our nation’s recovery from the disaster they provoked.

As lame and cowardly as is the Democratic Party barely clinging to the economic and political leadership from Obama and the White House cadre, they offer a better chance for growing the United States’ economic performance than the reactionaries lining up on the other side of the aisle for lobbying perks – already planning on the mid-term elections fitting historic patterns.

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