The US falls to second in competitiveness
The new report from the World Economic Forum shows that the US has lost its top spot to Switzerland. Page 10 has this list for 2009-10:
For 2008-2009 the list was:
The rankings are based on 12 measures of an economy’s competitiveness: institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market sophistication, technological readiness, market size, business sophistication and innovation. The change in the United States’ ranking is claimed to be due to “weaker financial markets and less macroeconomic stability.”
Switzerland
US
Singapore
Sweden
Denmark
Finland
Germany
Japan
Canada
Netherlands
Hong Kong SAR
Taiwan
United Kingdom
Norway
Australia
For 2008-2009 the list was:
US
Switzerland
Denmark
Sweden
Singapore
Finland
Germany
Netherlands
Japan
Canada
The rankings are based on 12 measures of an economy’s competitiveness: institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market sophistication, technological readiness, market size, business sophistication and innovation. The change in the United States’ ranking is claimed to be due to “weaker financial markets and less macroeconomic stability.”
posted by John Lott at 1:51 PM
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