While the United States remains the world's most competitive economy, it risks falling into economic recession like Japan in the 1990s.
The Swiss-based Institute for Management Development has said the US is still number one in its competitiveness survey but risks falling behind Singapore and Hong Kong.
IMD economists say 2008 could be the time when the US falls from its leadership of top competitors.
They have cited the example of Japan's position twenty years ago, when its economy seemed unassailable, just before it slid into a decade of recession....
US could be going down Japanese path
Surely if the IMD Index cannot give at least an indication of whether the US economy is healthy or not, the Index is utterly worthless?
05-15-2008, 05:39 PM
Competitiveness - Claptrap
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