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1/18/12

US economy losing competitive edge: Survey

The United States is becoming less economically competitive versus other nations, with political gridlock and a weak primary education system seen as the main drag, according to a survey released on Wednesday.

In particular, the nation is falling behind emerging market rivals and just keeping pace with other advanced economies, according to a Harvard Business School survey of 9,750 of its alumni in the United States and 121 other countries.

Seventy-one per cent of respondents expected the US to become less competitive, less able to compete in the global economy with US firms less able to pay high wages and benefits, the study found.


For more: US economy losing competitive edge: Survey - The Economic Times

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