Monday, November 17, 2008

Why America Needs an Economic Strategy - BusinessWeek

Why America Needs an Economic Strategy - BusinessWeek

my comment:
It is refreshing to read a non-political assessment of the situation. You should update your "Competitive Advantage among Nations" book, which I enjoyed when it first came out. I think the U.S. biggest "competitive advantage" is "opportunity". More hard working and highly-skilled immigrants will want to come to U.S. to advance their economic and social status, especially now that someone with little to no means made it to President. I disagree with your assessment of the negative effect of low skilled labor immigration since it increases "productivity" especially among jobs that non-immigrants do not want to do for mimimum wage and an aging population, but that's a whole different subject. Given the complexity of the issues you pose, at the very least, I hope the new administration should identify our strengths so that we don't do anything to convert them into weaknesses. In terms of education, we can actually use successful models to improve the system, especially at the elementary school level, which I believe is where we have made long strides backwards.

1 comment:

Alan S Michaels said...

Interesting blog; and I agree totally with comment that "the U.S. biggest competitive advantage is opportunity."