Advance Competitiveness Through Economic Freedom

Anthony B. Kim / September 14, 2010

Early this year, The Heritage Foundation’s Index of Economic Freedom reported that the U.S. economy is no longer in the top tier of economically free countries and runs the risk of falling further behind. This disappointing news is vividly echoed in World Economic Forum’s just-released study, Global Competitiveness Report 2010-2011.

According to the report, which is based in part on an opinion survey among more than 13,000 business leaders around the globe, America is losing its competitiveness edge, slipping over the last 2 years from 1st place to 4th place among the world’s economies. Specifically, the report highlights the rapid increase in U.S. government debt, noting that mapping out a clear plan for ending stimulus spending “will be an important step in reinforcing [America’s] competitiveness going into the future.” (more…)