Why We Need A Competitiveness Audit

In a new PPI policy brief, Diana Carew and I have proposed that the government undertake a ‘Competitiveness Audit’:

In this global economy, we need to know which industries are internationally competitive, which ones aren’t, and whether the gaps are closing or widening. Unfortunately, the reality is this data currently does not exist. And what we don’t know hurts us, because it prevents us from pursuing effective strategies for boosting US jobs.

Although the government collects reams of economic data, it doesn’t measure what’s most vital to our ability to reverse America’s jobs decline: how our goods and services stack up against those of China and other competitors in terms of price.

You can’t fix what you can’t measure. We need a new national jobs strategy that begins with an accurate way of measuring America’s competitive prowess, on an industry-by-industry basis.

We suggest that at a relatively low cost, a Competitiveness Audit can be used as the basic of a carefully targeted job strategy on both the national and regional levels. If we know what industries are ‘near-competitive’, those are the ones where targeted government help can have the biggest bang for the buck.

Comments

  1. What about profits?

  2. David Coplin says:

    A correct understanding of poverty will elucidate a correct understanding of economics as
    well as a correct understanding of our current economic situation.

    While I am not an Austrian proponent I have made the subjective basis of economics the
    foundation of the economic theory laid out in the ebook referenced below. But I come
    to very different conclusions regarding monetary policy, credit operations, taxation, and the
    definition of individuals and enterprises in any economic system. I also compare communist
    economic systems to our current western credit economic system and believe that Keynes
    made an invaluable contribution to economics with his concept that an economy can function
    at any level of production. But I also support market mechanisms as the driver of any
    successful economy instead of government spending.

    Given the plethora of ideas about just how we should proceed in order to improve our
    current economic situation, I’ve added my own. I would really appreciate your review of
    the economic principles proposed in the following ebook
    http://www.smashwords.com/profile/view/povertyandthefoundationofeconomics
    and your comments on any errors that you find. If you do not have the time to do
    this, I would appreciate your assigning the task to your friends as an exercise.

    As long as we continue to use the western credit system as the primary driver of
    economic production the wealthy will continue to control the means of economic
    production and poverty will be a guaranteed result. The link above describes an
    alternative economic system that will eliminate poverty and maximize economic
    production.

    Thank you for your time and attention in this matter

  3. Since the predominant ideology in the US today is feminism, and it is politically desirable to create 1 female job even if it destroys 2 male jobs, a competitiveness audit is not feasible.

    Such an audit would reveal truths that would conflict with the dominant ideology of the US today.

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