Asserting that the American economy is back on track with the creation of 7.8 million jobs in the last 44 months, and reduction in its dependence on foreign oil, US President Barack Obama has said United States is in a good position to compete around the world in the 21st century. ‘We’ve gone farther and recovered faster than most other advanced nations. In a lot of ways, America is poised for a breakout. We are in a good position to compete around the world in the 21st century. ‘The question is are we going to realise that potential? And that means that we’ve still got some more work to do,’ Obama said in his address to the Wall Street Journal’s CEO Council Annual Meeting on Tuesday. ‘Our stock markets and corporate profits are soaring, but we’ve got to make sure that this remains a country where everyone who works hard can get ahead. And that means we’ve still got to address long- term unemployment. We still have to address stagnant wages and stagnant incomes,’ he said.