Although America consistently ranks among the top 10 most competitive nations in the world, currently we are losing ground. The challenge is how to best tap our rich supply of talent and resources to ensure prosperity for future generations. Education remains one of America's strongest tools in the race for global competitiveness, yet both presidents agreed that improvements in our educational system need to be made in order to prepare students today to compete in the world of tomorrow. President Bush outlined several key reforms, including strict testing that holds schools more accountable for their students' performance and empowering principals with more authority. President Clinton added, "We should help schools implement proven strategies, strategies we know will actually work." One promising development regarding increased U.S. competitiveness includes a possible resurgence of high-end manufacturing in the U.S., according to an exclusive new report from UBS Wealth Management Research. This, combined with reining in government overreach in regulation and debt, could help America further its competitive edge in the 21st century. While challenges still lie ahead, neither president hesitated in expressing his optimism about America's ability to succeed on the global stage. "Should we fear China and India? No, we shouldn't," President Bush said, insisting that America hasn't lost it's step. President Clinton agreed that America's best days are still ahead. "People have been betting against America from the beginning. So far, everybody's lost money." He added, "There's nothing wrong with this country that can't be fixed by what our internal strengths are. We just need to go on about doing it." For more clarity on how the future of U.S. competitiveness may impact your own investment strategy, connect with your UBS Financial Advisor or find a UBS Financial Advisor. | | President William J. Clinton 42nd President of the United States Read our latest report on the current state of U.S. competitiveness: America's still got talent Download the Executive Summary of Revitalizing America |