The USA has, for the 3rd year running, slipped in the annual ‘Global Competitiveness’ league table compiled by the World Economic Forum. Which country is number 1? Is Britain in the top 10? Whilst there is no real surprise about Greece, which position has Hong Kong soared to? And which African nation comes in at 142nd place, bottom of the table? Read more to find out… The top 5 in this year’s WEF Global Competitiveness Report are:
1. Switzerland
2. Singapore
3. Sweden
4. Finland
5. USA
The latest results show that international competitiveness in emerging markets has improved, signifying the shift in business activity and economic power to such economies. An interesting point is made on page 6 of the Report that shows the G7 nations have an average debt as a percentage of GDP of 101.3%!
The positions in the Global Competitiveness Report are determined by ‘pillars’ (determinants) of competitiveness. These include: infrastructure, innovation, the macro economy, education, health care, market efficiency, business sophistication and financial markets.
And the nation at the bottom of the table is Chad, ranked in 142nd place. You can download the full report here.
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