Productivity has been found to be the main factor driving growth and income levels. Income levels are closely linked to welfare. Understanding the components that impacts this chain of events is important.

In essence, rising competitiveness means increasin...

While the world is getting better at measuring things, there is still no fail-safe way to include a country's environmental record into its competitiveness core. Nor is there a way to measure if and how competitiveness makes people happy.

However, comparing the competitiveness of those eco...

• A recession is "good" or "bad," depending on who it impacts and how badly it affects them.
• In the last thirty years, a recession has come and gone somewhere in the world every few years.
• Globally, economies are in recession 10-12% of the time.
• Economic booms are j...