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U.S.  Is Now World's Most Competitive Economy Thanks To Trump

10/17/2018

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  Thanks To President Donald Trump, The United States is now the most competitive economy in the world, according to The World Economic Forum. The United States hasn't held this position since 2008, after recovering from the financial crisis. The Forum wrote in an article, "The United States, as one of the world’s great innovation powerhouses, is very well positioned in this new competitive landscape."

  The Forum continued, "It ranks first overall in the world in three of our twelve pillars; business dynamism, labour markets and financial system. It comes second in another two; innovation (behind Germany) and market size (behind China). Does this mean that the US’ ascent can solely be attributed to the far-sighted structural reforms and innovations of its previous administration?"

  The Forum wrote, "The answer here is a very firm no: some of America’s strengths predate even that period. Likewise nor can we dismiss the efforts of the current administration: if 70% of the report’s weighting comes from hard data, the remaining 30% represents the views of America’s business leaders: if they are positive about America’s competitiveness then their views will be very much based on the here and now."
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