The U.S. Has Entered a New Era of Global Competitiveness

According to the McKinsey Global Institute report, "Growth and Competitiveness in the United States: The role of its multinational companies:"

• The global context in which U.S. MNCs compete and invest is shifting. The United States retains many strengths that make it one of the most attractive markets for multinational companies’ participation and investments. But numerous fast-growing emerging markets and some advanced economies are making huge strides in increasing their attractiveness. The United States has entered a new era of global competition for multinational activity.

This fact is merely one of numerous economic impacts U.S. multinationals are facing in the new world marketplace.

To learn more:

Read the executive summary (PDF - 1.93 MB)
Read the report (PDF - 3.18 MB)

In addition, if you've got the time, here are two interesting commentaries related to the report that are worth a read:

-> The Global Jobs Competition Heats Up

-> Time to Go Global with Great Economic Freedom

By the way, Happy Birthday No. 234 America!

Posted by: The Global Small Business Blog