Authors: Charles Roxburgh, James Manyika, Richard Dobbs, and Jan Mischke
In times when many countries are trying to recover after a global financial crisis, a report from the McKinsey Global Institute refutes the common myth that mature economies are losing out to emerging markets in trade and thus face increasing trade deficits.
Although U.S. multinationals include many of biggest companies in the United States, the full extent of their economic impacts are less well known. The McKinsey Global Institute seeks to provide a fuller picture by assessing the contributions of MNCs across the key metrics of economic performance.
American policy discourse is notoriously preoccupied with the country's loss of competitiveness. This Vox column by Uri Dadush and William Shawargues that these fears are misplaced, and that faulty fiscal policies are to blame for the perception that the United States has lost its edge.
A new Council on Foreign Relations (CFR) ebook, How America Stacks Up: Economic Competitiveness and U.S. Policy, examines how the United States has responded to global economic competition and benchmarks the United States against other advanced economies. The ebook is an invaluable resource in the 2016 presidential election cycle for assessing the Obama administration’s economic legacy and looking at priorities for the next administration.
Although the United States leads the world in technology innovation, it may fall behind if the government does not address emerging gaps in innovation policy and invest more in scientific research, argues a new progress report and scorecard from the Council on Foreign Relations’ (CFR) Renewing America initiative. The report is authored by Renewing America Associate Director Rebecca Strauss and CFR Bernard L. Schwartz Senior Fellow and Renewing America Director Edward Alden.
Reforms of the U.S. patent system have made it too easy to obtain and defend patents and more costly to challenge patent decisions, thereby limiting the competition of ideas, discouraging innovation, and ultimately reducing U.S. competitiveness, argues a new Council Special Report.
Peter Orszag wants regulators to watch out for excessive consolidation in local hospital markets as Medicare's shift to value-based payments puts pressure on health care providers to merge and raise fees for private insurers.