The United States has long been considered the pre-imminent global business environment as a result of the development of the country’s resources identified by the valuation as the world’s leading economy. Globalization focused development of critical resources for commercial growth to improve standards of living has increased competition and will force critical decisions to maintain the recognized leadership and global strategic position.
Review of The Global Competitiveness Report of 2009-2010 from the World Economic Forum, the United States is ranked 2nd overall and ranked within the top 5 of countries in four of the twelve evaluative categories:
Market Size…1 Innovation..…1 Labor Market Efficiency….3 Business Sophistication…5
Also recognized by the report committee, the variables of determination are not mutually exclusive to determination of successful, progressive economic performance. However, it is clearly understood that providing quality education and maintaining a healthy population are very good for societal development toward such a goal. Both are current topics of political discussions. The following summarized version of the Global Competitiveness Report reflects the United States ranking within the 12 categories of study along with the identification of the top five countries within each. Given that the U.S. is currently ranked 3rd in Labor Market Efficiencies, maybe political-legislative discussions should focus efforts on other areas for improvement. My personal data inference from review of commonalities among the top ranking competitive countries is that strong (1)Institutions build (5)Higher Education & Training opportunities leading to (12)Innovation creating (9)Technology Readiness and (6)Goods Market Efficiencies.
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3.4.2010 Update: Thoughts from a system development perspective on Competitiveness.
