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Slicker Cities. The real contest is among communities, not nations.

America is losing its competitive edge. That premise has been pounded into our heads so often by pundits, and reinforced with each report on the rise of China and India, that it’s almost taken as a given.

But can a nation that has averaged 3.4% growth for three years and keeps posting sterling productivity gains really have a competitiveness problem? Or is that problem much more local? Here is a quick tale of two cities. In fact, they are two cities in one metropolitan area — Boston.

Since the tech boom peaked in 2000, greater Boston has lost 120,000 jobs. It has also lost 5% of its population, a trend seen across Massachusetts, as young families, no longer earning enough to afford skyrocketing housing costs, moved out of the city and nearby blue-collar towns like Chelsea and Revere.

Full Story: http://www.businessweek.com/magazine/content/06_34/b3998442.htm?chan=top+news_top+news

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