Our World

United States falls to sixth in World Competitiveness

The United States Fell to sixth place in the World Economic Forum of 2006. Last year the United States was ranked first. Switzerland took home 1st place this year. Cause for the drop include, huge spending on homeland and defense security, plans to lower taxes, and long term poetential costs of health care. Switzerland was credited for first place because of their well established infastructure, plentiful scientfic research, and intellecutal property protection.

I found this article interesting because it shows that the U.S. is not as competitve as it used to be. Many concerns facing the U.S. today could cause economic problems if they are not solved. The United States has some huge issues that need to be solved to regain the top position in wold competitveness. Another thing I found interesting is that all of the countries with an exception of one,(Singapore) were nordic countries in Europe. Obviously these countries have found ways to become very profitable through there various goverments and planning. They have obviously found ways to become competitve. Mabye if the United States looked into some of these countries ideas and plans, then mabye the United States too could come up with some ideas to help solve are economic problems. I know it is a long shot, but it is a strong possabilty.
United States falls

posted by Anonymous @ 9/26/2006 08:41:00 PM