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Showing posts with the label national competitiveness

Harvard Report Highlights Divergent Threats to Long-Term U.S. Competitiveness

Harvard School of Business released its 2013-2014 U.S. competitiveness report that unveils difficulties related to a lack of skills, employment opportunities, small business development, infrastructure and governmental effectiveness.   Highly skilled professionals, medium size businesses and large corporations have successfully weathered the effects of the recession but are leaving behind many in the skilled labor and middle class sectors of society. The results point to a divergence in society that may slow growth in the future and damage long-term American competitiveness.  The education system is seen as not meeting current needs for the development of new skills to create a stronger workforce. Companies desire to develop stronger internal skills training but have not yet matched this need within their policies.   Collaborating employment needs with the education system will help in narrowing the gaps between employers and school decision-makers. Two separate societies

The Economic System as an Avenue of Needs Fulfillment

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The economic system permeates our entire existence from cradle to grave. From our socialized beginning to our elder years we are constantly making choices that impact our social and financial positions in society. Our very first experiences in life help us internalize certain cultural traits that become the foundation for our viewpoints and our ability to compete on the market. Economic hubs and nations are collective traits of our economic values that maintain patterns across society. All systems start with very personal biological, sociological, and psychological choices we may not be fully aware of and make their way throughout society to determine the success or failure of a nation in the global market. Our economic system starts in our biological, psychological, and sociological core. Neuroeconomics is a concept that tries to explain how we make subconscious choices to purchase products, trust one another, or engage in certain activities beyond the simple mathematical equ