In the latest publication of the "Global Competitiveness Report 2020" which provides a ranking of the most competitive and dynamic economies, we can read: "After sliding for four consecutive years, the United States moved up places for the second year in a row in the World Economic Forum's competitiveness rankings, from fifth in 2016 to ranking second in 2020. A combination of factors, including improving business sophistication and institutional frameworks, helped the United States improve, despite perceptions of inefficient government and a weak macroeconomic environment. The most competitive countries in 2020 are Singapore, The U.S., Hong Kong, Netherlands, and Switzerland” Use the labor market, the production function and the final market (AD-AS) to explain how policies that promote competitiveness and innovation
2. In the latest publication of the "Global Competitiveness Report 2020" which provides a ranking of the most competitive and dynamic economies, we can read:
"After sliding for four consecutive years, the United States moved up places for the second year in a row in the World Economic Forum's competitiveness rankings, from fifth in 2016 to ranking second in 2020. A combination of factors, including improving business sophistication and institutional frameworks, helped the United States improve, despite perceptions of inefficient government and a weak
Use the labor market, the production function and the final market (AD-AS) to explain how policies that promote competitiveness and innovation stimulate economic activity without producing diminishing returns. Explain what are the outcomes. Why is competitiveness related with education, productivity and employment levels in the economy? Use all markets and graphs.
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