The United States is one of the world’s economic powerhouses. It is open, with strong infrastructure and competitive markets in which individuals and businesses have easy access to finance, and its productive capacity is higher than almost all similar countries. In the main, its institutions are robust, its education system is one of the best in the world, and the majority of citizens feel connected to each other and engaged in society. However, the U.S. under-performs in areas such as safety and security, health, and living conditions. As a result, the country is ranked just 18th out of 167 countries in the Legatum Prosperity IndexTM, and has not advanced in the rankings for the last decade.
Trade is indispensable to fostering greater levels of global economic development. As the OECD has written, “No country has lifted itself out of poverty without international trade.” This category consolidates GTIPA-member reports assessing the intersection of trade and economic development.