According to the World Economic Forum 2010-2011 Global Competitiveness Report released last month, the U.S. is still regarded as highly competitive by global business elites. But is our sterling reputation deserved? Among the 131 countries analyzed, the United States ranks fourth overall for global competitiveness (down from ranking second in 2009 and first in 2008) but ranks number one for innovation. However, in a new blogpost ITIF points out that the rankings are based too much on anecdotal impressions and not enough on hard data. According to ITIF’s own analysis of global competitiveness and innovation, the United States is actually lagging in many key criteria.