In a deeply integrated global economy, with a growing number of goods and services readily tradeable across borders, nations face stiff competition to grow and attract high-value-added, traded-sector industries. Refusing to engage in this competition is not an option; long-term growth depends on developing a winning competitiveness strategy. Unfortunately, the competitiveness debate in the United States is muddled and often completely misinformed. There is widespread confusion not just about what competitiveness means or how to measure it, but even on the question of whether the United States needs competitiveness strategy at all.
Please join ITIF and Senator Chris Coons to discuss a major new report, “A Policymaker’s Guide to Developing a National Competitiveness Strategy,” which examines the issue of competitiveness, explains how conventional economic advice leads policymakers astray, and offers specific steps for the federal government to stem a recent dangerous decline in U.S. economic competitiveness.