Faculty News | U.S. News & World Report | 04
A New Look at U.S. Economic Competitiveness
Re: Michael Porter & Jan Rivkin
Michael Porter—corporate strategy guru, author, and professor at Harvard Business School—is worried about America's competitiveness. We've been losing ground since around 2000, he says, long before the housing bubble burst. "Virtually all the net new jobs created over the last decade were in local business—government, healthcare, retail— that are not exposed to international competition." Meanwhile, the U.S. economy has failed to create many jobs in the big, strategically important, globally competitive industries.