Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

So Much For Declining U.S. Competitiveness


Developments to Watch

SO MUCH FOR DECLINING U.S. COMPETITIVENESS

Remember all the hand-wringing about how the faltering competitiveness of U.S. industry would create a nation of burger-flippers? Well, the skeptics may have to eat crow. The latest report of the industry-backed Council on Competitiveness "shows a number of areas where we've had real improvement," says Paul A. Allaire, CEO of Xerox Corp. and chairman of the council. In 1993, for instance, the bottom-line index for competitiveness--a country's standard of living--rose 1.9% in the U.S., compared with only 0.2% in Japan. Overall productivity climbed 1.5%, while Japan's dropped 0.1%. And investment in plants and equipment jumped 11.8%, compared with a plunge of 8.5% in Japan.

Not all the gloom has been swept away, though. An accompanying survey showed that CEOs, university presidents, and labor leaders believe--by a margin of 2 to 1--that America's most difficult competitiveness challenges are still ahead. Explains Allaire: "If we don't address longer-term issues like education and the low savings rate, we will not be able to sustain the improvement."EDITED BY OTIS PORT


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus