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America Is Far from #1

The latest Global Competitiveness Report comparing 144 countries shows the sorry state of our country's development.
 
 
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"The Global Competitiveness Report 2012-2013,”  by the World Economic Forum, is t he latest annual ranking of 144 countries, on a wide range of factors related to global economic competitiveness .

On each of their many rankings, #1 represents the best nation, and #144 represents the worst nation.

Gross Domestic Product is the only factor where the U.S. ranks as #1, which we do both on "GDP” and on “GDP as a Share of World GDP.”

Health Care has the U.S. ranking #34 on “Life Expectancy,” and #41 on “Infant Mortality.”

Education in the U.S. is also mediocre. On “Quality of Primary Education,” we are #38. On “Primary Education Enrollment Rate,” we are #58. On “Quality of the Educational System,” we are #28. On “Quality of Math and Science Education,” we are #47. On “Quality of Scientific Research Institutions,” we are #6. On “PCT [Patent Cooperation Treaty] Patent Applications [per-capita],” we are #12. On “Firm-Level Technology Absorption” (which is an indicator of business-acceptance of inventions), we are #14.

Trust is likewise only moderately high in the U.S. We rank #10 on “Willingness to Delegate Authority,” #42 on “Cooperation in Labor-Management Relations,” and #18 in “Degree of Customer Orientation” of firms.

Corruption is apparently a rather pervasive problem in the U.S.

On “Diversion of Public Funds [due to corruption],” the U.S. ranks #34. On “Public Trust in Politicians,” we are #54. On “Irregular Payments and Bribes,” we are #42. On “Judicial Independence,” we are #38. On “Favoritism in Decisions of Government Officials” (otherwise known as governmental cronyism), we are #59.

On “Organized Crime,” we are #87. On “Ethical Behavior of Firms,” we are #29. On “Reliability of Police Services,” we are #30. On “Transparency of Governmental Policymaking,” we are #56. On “Efficiency of Legal Framework in Challenging Regulations,” we are #37. On “Efficiency of Legal Framework in Settling Disputes,” we are #35. On “Burden of Government Regulation,” we are #76. On “Wastefulness of Government Spending,” we are also #76. On “Property Rights” protection (the basic law-and-order measure), we are #42.

Investors find somewhat shaky ground in the U.S.

On “Strength of Investor Protection,” we are #5. On “Protection of Minority Shareholders’ Interests,” we are #33. On “Efficacy of Corporate Boards,” we are #23. On “Reliance on Professional Management,” we are #19. On “Strength of Auditing and Reporting Standards,” we are #37. On “Venture Capital Availability,” we are #10. On “Intellectual Property Protection,” we are #29. On “Soundness of Banks,” we are #80. On “Regulation of Securities Exchanges,” we are #39. On “Country Credit Rating,” we are #11. On “Government Debt [as a % of GDP],” we are #136. On “Effectiveness of Anti-Monopoly Policy,” we are #17. On “Extent of Market Dominance,” we are #9.

Technology is moderately good here. The U.S. ranks #14 on “Availability of Latest Technologies,” #24 on “Internet Access in Schools,” #20 on “Internet Users [%],” #33 on “Internet Bandwidth [per user],” and #8 on “Mobile Broadband Subscriptions [%].”

Infrastructure is fairly good in the U.S. We rank #25 on “Quality of Overall Infrastructure,” #33 on “Quality of Electricity Supply,” #30 on “Quality of Air Transport Infrastructure,” #19 on “Quality of Port Infrastructure,” and #20 on “Quality of Roads.”

Taxes also definitely don’t qualify as being good in the U.S. We rank #69 on “Extent and Effect of Taxation,” in which the “Effect” that’s considered is reducing the “incentives to work or invest.” We are #103 on “Total Tax Rate,” #47 on “Number of Procedures Required to Start a Business” (which is an indirect tax), and #50 on “Prevalence of Trade Barriers” (both tariff and non-tariff).

 
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