Federal advisory committees offer recommendations for SBA to improve the global competitiveness of US entrepreneurs
The United States’ global competitiveness rank, as calculated by the International Institute of for Management Development, fell three points from 9th in 2023 to 12th in 2024. The nation’s ranking for government efficiency had an even sharper drop of nine points, from 25th in 2023 to 34th in 2024. In timely response to these trends, two federal advisory committees recently submitted reports outlining ways for the U.S.