Please read this piece by my colleague Paul Roderick Gregory in The Hill
The World Economic Forum’s (WEF) 2018 World Competitiveness Report ranks the United States No. 1 in global competitiveness, up from No. 3 in the past few years and its first top ranking in a decade. A high ranking matters.
As the WEF reports: “Global competitiveness is determined by the set of institutions, policies and factors that determine the level of productivity of a country … And productivity leads to growth … and improved well-being.” The U.S.’s top ranking therefore suggests a lot of growth and prosperity to come.
According to the Davos elite (who are no fans of Donald Trump), the U.S. is indeed “great again,” to borrow a Trumpian slogan. It is the country, according to the WEF, that should best prosper in Davos’ “fourth industrial revolution.”
As the world’s most innovative economy, America is well positioned to take advantage of the new competitive environment. This should be welcome news for the Trump administration and a Republican Party fighting to retain control of Congress.