3. Key Weaknesses of the United States
In GCR 2015, macro-economic environment (96th) seems to be the biggest obstacle preventing the United States from achieving a higher score. Within this pillar, the ranks of government budget balance (114th) and general government debt (129th) are even worse, making themselves the major weaknesses (GCR, 2015). To maintain the illusion of shared prosperity, the United States government collectively made a series of unsustainable promises: pledged to cover health costs in retirement, encouraged consumption, cut taxes across all brackets, and expanded public-sector employment. These promises, associated with two wars and the Great Recession, left America’s federal government fiscally over-extended (HBS U.S …show more content…
Obesity is a rapidly increasing issue that hampers health hugely, government must pay attention and invest huge costs on tackling it. It is crucial to improve competitiveness with guarantee to support our nation’s young children getting the necessary education that they can realize their potential. If education system fails to equip large amount of graduates with transferable skills to pursue their careers, the consequence is many corporations have difficulty in matching adequately skilled employees to suitable jobs that in turn offer them a good living quality (HBS U.S Competitiveness Project, 2015).
Good basic education is an agreed goal and an essential prerequisite for further skills development (www.oecd.org). Ample evidences firmly demonstrate that the combination of education and training is of significant importance in improving the quality of labor market, especially in aspects of raising productivity and boosting both domestic and international investment.
But an existing problems in the labor market of the United States is the skills gap, which reflects the reason why labor participation rate (see Figure 11) of 2015 is just the level of
In GCR 2015, macro-economic environment (96th) seems to be the biggest obstacle preventing the United States from achieving a higher score. Within this pillar, the ranks of government budget balance (114th) and general government debt (129th) are even worse, making themselves the major weaknesses (GCR, 2015). To maintain the illusion of shared prosperity, the United States government collectively made a series of unsustainable promises: pledged to cover health costs in retirement, encouraged consumption, cut taxes across all brackets, and expanded public-sector employment. These promises, associated with two wars and the Great Recession, left America’s federal government fiscally over-extended (HBS U.S …show more content…
Obesity is a rapidly increasing issue that hampers health hugely, government must pay attention and invest huge costs on tackling it. It is crucial to improve competitiveness with guarantee to support our nation’s young children getting the necessary education that they can realize their potential. If education system fails to equip large amount of graduates with transferable skills to pursue their careers, the consequence is many corporations have difficulty in matching adequately skilled employees to suitable jobs that in turn offer them a good living quality (HBS U.S Competitiveness Project, 2015).
Good basic education is an agreed goal and an essential prerequisite for further skills development (www.oecd.org). Ample evidences firmly demonstrate that the combination of education and training is of significant importance in improving the quality of labor market, especially in aspects of raising productivity and boosting both domestic and international investment.
But an existing problems in the labor market of the United States is the skills gap, which reflects the reason why labor participation rate (see Figure 11) of 2015 is just the level of