The World Economic Forum Declares The U.S. The Most Competitive--And Innovative-- Country In The World.

In this period of dark gloom and doom, it’s important to keep our focus on what is vital and what is not. The new Global Competitiveness Report 2008-2009 from the World Economic Forum moves the spotlight away from the current financial crisis to what is fundamentality important to an economy—its global competitiveness. And in this, the U.S. is doing not just good but great. The WEF report says that the U.S. is ranked first in innovation, with its markets allocating resources efficiently to promote and scale innovative activities. The problem today, according to the WEF, lies in bad macro-economic policies that have led to huge financial imbalances—and the current crisis.

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