The United States has a serious competitiveness problem. The U.S. is experiencing more than just the challenges related to a severe cyclical downturn ‹ the problem is structural and long-term. The reasons behind it are complex, and the solutions are equally complex. Getting the U.S. back on track will require a long-term strategy, significant changes, and collaboration for the common good. And business must lead the way.
Harvard Business School professor Michael Porter outlines America's challenge, and the actions that must be taken to reverse the country's looming loss of competitiveness.