The World Economic Forum has recently published its global competitiveness report for 2010-2011. The competitiveness of 139 economies are ranked on the basis of 12 factors, including the nations’ institutions, infrastructure, and the efficiency of its proudct, labor and financial markets.
Switzerland is ranked the most competitive nation as it was last year. The U.S., however , slipped from second to fourth place behind Sweden and Singapore. The report cited macroeconomic instability, concerns about financial markets and a weakening of U.S. private and public institutions as reasons for the decline in the rankings for the U.S.
The U.S. is followed by Germany, Japan, Finland, Netherlands, Denmark and Canada. The Scandanvian countries are definitely showing the way to global competitiveness.
China led the large developing nations at the 27th spot. Chile was the highest ranked nation in Latin America at number 30. Qatar, at number 17, was the highest ranked country in the Middle East, and South Africa, number 55, had the highest ranking in sub-sarharn africa.
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Anybody wanting or needing the link…
http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2010-11.pdf