President Brack Obama says, US is competing with fast developing economies like India, China and Brazil in a highly connected and competitive world. Obama asked state Governors to gear up to meet the challenge and maintain America's leadership stature. Obama said in his address to the National Governors' Association that the states in the states in the US are not only competing with each other but with India, China and Brazil to bring new jobs and industries. He said, The US needs to make sure that it is the best place on earth to do business. Vice President Joe Biden also said that while US is still ahead of these countries, manyAmericans believe that they have already lost the race to India, China and Brazil.