*This is my book report for reading Global Competitiveness-Getting the U.S. back on Track.

*This is a book written by some worrying people in the late 1980s about the seemingly likely decline of the United States. They were afraid that the U.S. was losing its competitive edge out to its international competitors, such as Japan and Germany. (Of course, no China-relating issues were mentioned in the first chapter depicting those days when Japan was the star performer, except the fact that China was one of the biggest exporters of immigrants to the U.S.) In the first chapter, author Richard D. Lamm insisted that everything in the U.S. ranging from its legal system to its political system, tax system, and even Americans’ “hubris” be changed to regain the U.S. dominance over its competitors. The United States needs a “generation” to conduct institutional before it can lead in the pack again, he declared.