Home
US could be going down Japanese path
Europe News.Net
Thursday 15th May, 2008
While the United States remains the world's most competitive economy, it risks falling into economic recession like Japan in the 1990s.
The Swiss-based Institute for Management Development has said the US is still number one in its competitiveness survey but risks falling behind Singapore and Hong Kong.
IMD economists say 2008 could be the time when the US falls from its leadership of top competitors.
They have cited the example of Japan's position twenty years ago, when its economy seemed unassailable, just before it slid into a decade of recession.
The IMD says while the US still dominates in economic dynamism, industrial efficiency and innovation, significant challenges are coming up with the structural deficits in the US balance of trade, budget and national debt.
Ten European countries featured among the 55 surveyed, including Switzerland in 4th place, Luxembourg 5th, Sweden 9th, the Netherlands 10th, Norway 11th and Ireland 12th.
 Email this story to a friend
Have your say on this story
|
 |
 |
- And now, Indian etiquette classes in London
London, July 23 (IANS) Kissing Indian women goodbye is out for young British businessmen and professionals flying out to India to explore new job opportunities. [read story]
- Somdev Devvarman ousted from Lexington Challenger doubles
Lexington (Kentucky), July 23 (IANS) India's Somdev Devvarman and his American partner Rylan Rizza went down fighting to Dominican Republic's Victor Estrella and Mexican Santiago Gonzalez in the opening round of the $50,000 ATP Challenger here. [read story]
- Vote over, Geneva welcomes Kamal Nath
Geneva, July 23 (IANS) Commerce and Industry Minister Kamal Nath's arrival here early Wednesday could galvanise efforts to lay down fair rules of world trade, diplomats said. [read story]
- Can natural sugars help create stem cell therapies?
London, July 23 (IANS) Scientists are examining whether the body's natural sugars can be utilised for creating stem cell treatments for heart disease and to repair nerve damage. [read story]
- Family history 'cannot predict breast cancer risk in women'
Washington, July 24 : Refuting claims of previous studies, researchers from Leiden University Medical Centre in the Netherlands have revealed that family history cannot be taken as a strong predictor of breast cancer risk in women. [read story]
|
|
 |
 |
|
|
