Governance isn’t a drag on competitiveness. It’s the source

This month, IMD—one of Europe’s leading business schools, where I serve as an Executive Fellow and North America Program Co-Director—released its 2026 World Competitiveness Ranking . As I pointed out in my keynote at the U.S. launch of the index at the Swiss Embassy in Washington, the results sit awkwardly with the stories that the world’s largest economies tell about their world-leading competiti