Global Competitiveness Index 2012

[LAM]

Global Competitiveness Index 2012

click on a country to drill down to the data, etc.

 

[IronAddict]

Very surprising, I didn't think we'd be 7th. I thought we'd be more like 77th.

The report also states, "The Report emphasizes persisting competitiveness divides across and within regions, as short-termism and political deadlock continue to hold back the economic performance of many countries and regions. "

Shame shame, its just a damn shame!

 

[LAM]

Very surprising, I didn't think we'd be 7th. I thought we'd be more like 77th.

The report also states, "The Report emphasizes persisting competitiveness divides across and within regions, as short-termism and political deadlock continue to hold back the economic performance of many countries and regions. "

Shame shame, its just a damn shame!

yes but for macroeconomics which deal with wages, inequality, etc. we rank 111 out of 144 or the bottom 30%.

 

[DOMS]

yes but for macroeconomics which deal with wages, inequality, etc. we rank 111 out of 144 or the bottom 30%.

Says who? I did a search of whatever turned up in Google for country comparisons.

Minimum wage? The USA ranks 13th.

Average wage? The USA ranks 1st.

Number of Billionaires? The USA ranks 1st.

Global Peace Index? The USA ranks 100 (out of 162), while we're currently in two wars and have a "war on terror" wherever we feel the need.

Human Development Index? The USA ranks 3rd (out of 186).

The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education, standards of living, and quality of life for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to distinguish whether the country is a developed, a developing or an underdeveloped country, and also to measure the impact of economic policies on quality of life.

Exports by country (in total dollars)? The USA ranks #2.

Quality of Life Index? The USA ranks 3rd (out of a paltry 67).

Purchasing Power? The USA ranks 2nd (out of a paltry 67).

Safety Index? The USA ranks 55th (out of a paltry 67).

Most highly developed countries? The USA ranks 4th.

Best standard of living?

And the following data even includes the infestation of Mexicans that push up stuff like infant mortality, crime, poor health, illiteracy, etc.

Life expectancy at birth: 79.6 years
Infant mortality per 1,000 live births: 6.8

Mean years of schooling of adults: 12.4 years

Expected years of schooling of adults: 15.7 years
Gross national income per capita: $47,094

Cost of living? The USA ranks 34th.

Live expectancy? The USA ranks 33 (again, that includes the negative effects that Mexicans have).

Literacy? The USA ranks 40th (again, that includes the negative effects that Mexicans have).

And few, if any, of those numbers reflect the difference in population sizes. It's easier to get 100% literacy if you're Samoa with an homogeneous population of ~184,000 people.

 

[LAM]

Says who? I did a search of whatever turned up in Google for country comparisons.

Minimum wage? The USA ranks 13th.

Average wage? The USA ranks 1st.

Number of Billionaires? The USA ranks 1st.

Global Peace Index? The USA ranks 100 (out of 162), while we're currently in two wars and have a "war on terror" wherever we feel the need.

Human Development Index? The USA ranks 3rd (out of 186).



Exports by country (in total dollars)? The USA ranks #2.

Quality of Life Index? The USA ranks 3rd (out of a paltry 67).

Purchasing Power? The USA ranks 2nd (out of a paltry 67).

Safety Index? The USA ranks 55th (out of a paltry 67).

Most highly developed countries? The USA ranks 4th.

Best standard of living?

And the following data even includes the infestation of Mexicans that push up stuff like infant mortality, crime, poor health, illiteracy, etc.


Cost of living? The USA ranks 34th.

Live expectancy? The USA ranks 33 (again, that includes the negative effects that Mexicans have).

Literacy? The USA ranks 40th (again, that includes the negative effects that Mexicans have).

And few, if any, of those numbers reflect the difference in population sizes. It's easier to get 100% literacy if you're Samoa with an homogeneous population of ~184,000 people.

all of those economic indicators are meaningless and especially the wage data because it doesn't take purchasing power into effect. it's why the OECD asked Joseph Stiglitz to come up with new indicators because the current ones in use today are NO LONGER VALID.

and those trade numbers are so cooked. you do realize that US firms shipping parts to low wage assembly country's like Mexico and SE Asia and them "importing" the finished goods counts as trade don't you? and when US firms ship parts to say it's own plants in Mexico for assemble or production that also counts as "trade and imports" even though it has NOTHING at all to do with any economy except that of the US...those numbers are all meaningless in today's world.

 

[Swiper]

too bad he's an ideologue who slants his work in the name of Keynesianism.

http://en.m.wikipedia.org/wiki/Joseph_Stiglitz

 

[DOMS]

all of those economic indicators are meaningless and especially the wage data because it doesn't take purchasing power into effect. it's why the OECD asked Joseph Stiglitz to come up with new indicators because the current ones in use today are NO LONGER VALID.

and those trade numbers are so cooked. you do realize that US firms shipping parts to low wage assembly country's like Mexico and SE Asia and them "importing" the finished goods counts as trade don't you? and when US firms ship parts to say it's own plants in Mexico for assemble or production that also counts as "trade and imports" even though it has NOTHING at all to do with any economy except that of the US...those numbers are all meaningless in today's world.

So where are the "uncooked" numbers?

 

[DOMS]

all of those economic indicators are meaningless and especially the wage data because it doesn't take purchasing power into effect. it's why the OECD asked Joseph Stiglitz to come up with new indicators because the current ones in use today are NO LONGER VALID.

and those trade numbers are so cooked. you do realize that US firms shipping parts to low wage assembly country's like Mexico and SE Asia and them "importing" the finished goods counts as trade don't you? and when US firms ship parts to say it's own plants in Mexico for assemble or production that also counts as "trade and imports" even though it has NOTHING at all to do with any economy except that of the US...those numbers are all meaningless in today's world.

Source.

He is a former senior vice president and chief economist of the World Bank

Here's you bad-mouthing the World Bank:

the bank runs in the 1800's history has shown was caused by the bankers themselves, along with the stock market crash in 1929... and the 300B that the S&L crisis costs taxpayers in the 80's, irrelevant..... and the 10T wealth transfer in 2008 and fraud committed by the financial sector on the US and the rest of the world that sent the US and globe into recession...the fact that bankers from the IMF and World Bank circulate in and out of top positions in the US, decades after decades. all their degrees from Harvard, Princeton, MIT....but none of them "know" when a bubble is forming? not even the head of the FRB......

hence the exploding US deficit, public and private debt and the investment bankers that cycle in and out of all presidential administrations the federal reserve system, IMF and World Bank, etc..

CHOMSKY: Actually, US programs radically increase the use of drugs. Look at the big growth in cocaine production that has exploded in the Andes over the last few years, in Columbia and Peru and Bolivia. Why are Bolivian peasants, for instance producing coca? The neoliberal structural-adjustment policies of the World Bank and International Monetary Fund, which are run by the US, try to drive peasants into agro-export, producing not for local consumption but for sale abroad. They want to reduce social programs, like spending for health and education, cutting government deficits by increasing exports. And they cut back tariffs so that we can pour our highly subsidized food exports into their countries, which of course undercuts peasant production. Put all that together and what do you get? You get a huge increase in Bolivian coca production, as their only comparative advantage.

What kills me the most is that communist China is now lending to the bogus "free market" economy of the US of which has bankrupted the US fed gov. China is not stupid, they are not going to let the US/Wallstreet or IMF/World Bank get their grubby little dick-beaters into their economy and bankrupt it like all the other nations that have gone from communism to market based economy's.

I also find it interesting how you vacillate between vilifying them and quoting them about the "impending downfall" of the USA.

So they're evil, except when you need to quote from them?

 

[LAM]

Source.



Here's you bad-mouthing the World Bank:









I also find it interesting how you vacillate between vilifying them and quoting them about the "impending downfall" of the USA.

So they're evil, except when you need to quote from them?

them being "evil" and destructive on the real economy has no relevance on the validity or objectiveness of the data they provide. both the BIS and FSB the top 2 central banking institutions in the world have written many reports on the destructiveness of the current global financial system and how the entire system needs to be changed. that mirrors reports from leading economists and real world data as infinite growth is unsustainable.

almost 1.5quadrillion in derivatives on a real global economy of about 70T a year, that about says it all. fake wealth has destroyed and smothered the real economy of the world that actual produces things of value. and eventually that bubble is going to burst and that will be the end of the world we know today. there will be massive wealth transfers up the ladder and large firms will consume any and all small firms that compete with them at all levels.

 

[DOMS]

them being "evil" and destructive on the real economy has no relevance on the validity or objectiveness of the data they provide. both the BIS and FSB the top 2 central banking institutions in the world have written many reports on the destructiveness of the current global financial system and how the entire system needs to be changed. that mirrors reports from leading economists and real world data as infinite growth is unsustainable.

almost 1.5quadrillion in derivatives on a real global economy of about 70T a year, that about says it all. fake wealth has destroyed and smothered the real economy of the world that actual produces things of value. and eventually that bubble is going to burst and that will be the end of the world we know today. there will be massive wealth transfers up the ladder and large firms will consume any and all small firms that compete with them at all levels.

Oh, so since they have the message you want to hear, everybody else is wrong?

 

[LAM]

Oh, so since they have the message you want to hear, everybody else is wrong?

face it DOMS you don't know jack squat about economics and haven't spent a fraction of the time studying it as I have over the decades. your 10minute google searches are well a joke because the US economy is proof positive of how bogus those economic indicators are as detailed in the reports from the OECD and federal banking system. had you been following their briefs and reports you would know this but you don't.

that's the beauty of objective data it doesn't matter if you know it or agree with it.

below is a perfect example of a report from the FED whom helped cause the recession while the information in it is 100% accurate because there are hundreds of papers out there that support it by leading economists inside and outside the US along with the reality of the current sluggish US economy and lagging consumption numbers.

http://www.frbsf.org/economic-resea...011/july/impact-great-recession/el2011-21.pdf

 

[DOMS]

face it DOMS you don't know jack squat about economics and haven't spent a fraction of the time studying it as I have over the decades. your 10minute google searches are well a joke because the US economy is proof positive of how bogus those economic indicators are as detailed in the reports from the OECD and federal banking system. had you been following their briefs and reports you would know this but you don't.

that's the beauty of objective data it doesn't matter if you know it or agree with it.

below is a perfect example of a report from the FED whom helped cause the recession while the information in it is 100% accurate because there are hundreds of papers out there that support it by leading economists inside and outside the US along with the reality of the current sluggish US economy and lagging consumption numbers.

http://www.frbsf.org/economic-resea...011/july/impact-great-recession/el2011-21.pdf

That document you linked doesn't line up with your portent of doom. It compares it against the 1990-1991 and 2001 recessions, both of which only ended better because we went to war after each. War is also what brought the USA out of the Great Depression so well and quickly.

The purpose of the document is to show what happens when you manage things poorly as a country. It also points out that we should not buy the excuses of those in power that such things cannot be foreseen. It in no way portents the end of anything.

Bernanke said, ?[O]bviously the last decade has shown that bursting bubbles can be an extraordinarily
dangerous and costly phenomenon for the economy and there is no doubt that as we emerge from the
financial crisis, we will all be looking at that issue and what can be done about it.?
Using monetary policy to lean against bubbles may not represent such a radical departure from
conventional wisdom. In 2002, Bernanke emphasized that central banks should take steps to prevent
deflation. In particular, he asserted, ?Sustained deflation can be highly destructive to a modern economy
and should be strongly resisted.? (P)revention of deflation is preferable to cure.? The two best-known
examples of deflation?the U.S. Great Depression of the 1930s and Japan?s lost decades of the 1990s and
2000s?occurred after asset bubbles burst. If a bursting bubble can set the stage for deflation, which in
turn would be ?highly destructive? to the economy, then the case for preemptive action against bubbles
may be strong indeed.

Another question concerns the policy instruments that central banks might use to counter bubbles. A
broad view of monetary policy includes regulatory oversight of financial institutions. Many have argued
that a central bank?s interest rate policy is too blunt an instrument and that regulatory policy is better
suited to restraining bubbles. However, regulatory policy may not be a magic bullet. Unfortunately,
regulations put in place after a crisis to prevent bubbles are often relaxed as complacency sets in,
opening the way for the next bubble (see Gerding 2006). Interest rate policy may have a distinct
advantage because vigilant central bankers can deploy it against bubbles regardless of the regulatory
environment.

Of course, that has little to do with your Chicken Little attitude and your desire to see the USA...and the end of the world in general. Everyone and everything is a lie and biased, unless you agree with it.

 

[LAM]

Of course, that has little to do with your Chicken Little attitude and your desire to see the USA...and the end of the world in general. Everyone and everything is a lie and biased, unless you agree with it.

funny I don't remember saying that was from that document because I didn't. and the death of the US economy has been predicted by the World Bank, BIS, FSB and the Club of Rome and about a dozen leading economists. but of course you don't go to any of their websites because you know so much and you don't read economic reports so then you wouldn't really know any of this would you. the US media would surely print all of this...LMAO

reports from the central banking institutions are some of the most highly cited economic papers, another thing you wouldn't know because you don't read them. you could fill up a couple of football stadiums with things you don't know about economics.

then of course there are also the historical facts like:

every major fiat currency in the world has failed. this surely "wouldn't cause the US economy to fail because it's not like we don't have a useless fiat currency with 2300% cummulative inflation since 1913.

and the oligarchy has collapsed the economy's of every country's it ever been seen in. and who's in charge of the US an oligarchy.

 

[[SIL]]

Bernanke is god

 

[LAM]

Bernanke is god

fucking Greenspan and Bernanke need to rot in hell!