In 2019, HBS faculty members of the U.S. Competitiveness Project conducted the sixth survey on U.S. competitiveness. This report—built on the latest survey findings and eight years of prior research on the competitiveness of the United States—highlights a disturbing pattern: structural failures in the U.S. political system continue to prevent meaningful progress on actions needed to improve U.S. competitiveness. Despite a decade of steady economic growth, the trajectory of the nation’s competitiveness remains disappointing.
The 2016 HBS report on the State of U.S. Competitiveness provides a comprehensive analysis of five years of research from the U.S. Competitiveness Project along with the findings of the 2016 HBS survey on U.S. competitiveness. This survey was administered to HBS alumni worldwide, HBS students, and members of the U.S. general public in May—June 2016.
This paper looks at some of the issues firms moving large assembly operations back to the U.S. have faced, along with recommendations for more successful implementations.
The U.S. corporate tax code is broken. High rates and perverse incentives drive capital away from the corporate sector and toward other uses and countries. Professor Mihir A. Desai believes a handful of changes could fix all that.
Some of the world’s most original thinkers explain the competitiveness challenge America faces and point the way forward.
Manufacturing matters to a nation’s economic prosperity, not because it is an important source of jobs (it currently represents only about 10% of US employment) but because manufacturing competence is often an integral part of innovation. By Professors Gary P. Pisano and Willy C. Shih.
Professors Robin Greenwood and David Scharfstein make recommendations in three important domains in which the U.S. financial system has underperformed: financial stability, housing finance, and investment costs.
The last three decades have seen American capitalism transformed by a simple idea—that the evaluation and compensation of managers and investors should be outsourced to financial markets, says Professor Mihir A. Desai.
For decades, U.S. companies have been outsourcing manufacturing in the belief that it held no competitive advantage. That has been a disaster.