The Competitiveness Gap: The True Cause of the Global Recession

It was heartening to read Prime Minister David Cameron’s recent Lord Banquet Speech about the need to better prepare Great Britain for the global economic race. The prime minister articulated the need for a comprehensive plan of reforms to enhance innovation and improve Britain’s industrial competitiveness. It shows that, unlike America, Britain is recognizing the broader systemic causes of the global recession and moving past old ideas and theories that do not match our current reality.