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As Americans' confidence in institutions hits record lows, US plunges in competitiveness rankin
As Americans' confidence in institutions hits record lows, US plunges in competitiveness rankin Kwabena Ofori Osei 23 Views • 2 years ago

For the first time ever, global business executives ranked the United States outside the Top 10 in international surveys of competitiveness. The US was firmly in the top spot for decades, and was never out of the top three. According to this year's survey, executives pushed the United States to #12, while Asian economies Singapore, Hong Kong, Taiwan, and the UAE snagged four of the top eight spots.

This survey of international business leaders mirrors what everyday Americans tell pollsters at home: the United States is on the wrong track, and American citizens' confidence in national institutions are at all-time lows.

But our policymakers rely on other surveys, such as from the World Economic Forum and the UN, which continue to show the US as the most competitive. Why is there such an apparent disconnect, between what business executives say about doing business in and with America, and what transnational organizations claim?

Resources and links:

Is the United States Really One of the Most Competitive Economies in the World? No.
https://www2.itif.org/2022-ina....ccurate-competitiven

The US drops out of the Global Competitiveness Top 10
https://aheadoftheherd.com/the....-u-s-drops-out-of-gl

U.S. High School Students Lag Foreign Peers in Achievement Scores
https://www.ethicssage.com/202....2/03/us-high-school-

Statista, The world's most competitive economies
https://www.statista.com/chart..../30231/the-worlds-mo

U.S. Education Rankings Compared to Other Countries
https://www.thebalancemoney.co....m/the-u-s-is-losing-

Gallup, Satisfaction With the United States
https://news.gallup.com/poll/1....669/general-mood-cou

Historically Low Faith in U.S. Institutions Continues
https://news.gallup.com/poll/5....08169/historically-l

Majority of American voters say country is headed in wrong direction
https://nypost.com/2024/07/16/....us-news/majority-of-

Closing scene, Chongqing riverside


Confidence in colleges and universities hits new lows, per FIRE polls

https://www.thefire.org/news/c....onfidence-colleges-a

Chinese Car Buyers Are Moving Away From  German Brands For Local Chinese Brands
Chinese Car Buyers Are Moving Away From German Brands For Local Chinese Brands Kwabena Ofori Osei 23 Views • 2 years ago

In recent years, the Chinese automotive market has undergone a significant transformation. Once dominated by German brands like Volkswagen, BMW, and Mercedes-Benz, the landscape is now shifting as Chinese consumers increasingly favor domestic brands. The story of why Chinese car buyers are increasingly choosing to move away from German car brands is one that reflects changing trends, technological advances, cultural shifts, and the ever-evolving automotive landscape in China.

For years, brands like BMW, Mercedes-Benz, and Audi held a unique position in the Chinese market. They were symbols of prestige, success, and quality, viewed as the ultimate choices for those who wanted a car with both style and a legacy of engineering excellence. The German reputation for quality, particularly in the luxury segment, drew countless Chinese buyers who wanted the best. Owning a German car was seen as a statement and a way to demonstrate economic success. However, a noticeable shift has been taking place in recent years. Chinese buyers, who once strongly preferred these established German brands, are now increasingly looking towards domestic alternatives and new players in the automotive world, including electric vehicle (EV) companies that align more closely with the country’s direction.

China's automotive industry has seen rapid growth and development over the past decade. One of the most significant reasons behind this shift is the rise of competitive Chinese automakers. Brands like BYD, Nio, Xpeng, and Geely have emerged as strong contenders, especially in the EV segment. As these brands continue to improve their products, they’re gaining the respect and interest of local buyers who are impressed with both the performance and technology offered by these vehicles.

Chinese automakers have taken bold steps in innovation, investing heavily in electric technology, smart car features, and even autonomous driving capabilities, all of which align well with the desires of the modern Chinese consumer. This is especially true in an era where young buyers, who are often more tech-savvy and environmentally conscious, make up a significant part of the market. These younger consumers are often more interested in the latest technology and eco-friendly options rather than traditional luxury status, making local EV brands even more appealing.Another key factors driving the success of Chinese brands is their focus on electric vehicles. China has been a global leader in the adoption of EVs, supported by government policies and incentives aimed at reducing pollution and promoting sustainable transportation. As a result, Chinese automakers have been able to capture a significant share of the EV market, outpacing their German counterparts.

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