Switzerland still leads the world in competitiveness because of innovation and labour market efficiency, the World Economic Forum (WEF) said on Wednesday.
Singapore came second and Sweden third. The United States ranked fifth, falling for the third year in a row.
“While many structural features that make its economy extremely productive, a number of escalating weaknesses have lowered the US ranking over the past two years,” it said.
The United States has good universities, is strong in research and development and has a big economy and a flexible workforce, the WEF found.
But it said that “the business community continues to be critical toward public and private institutions. More...
See the rankings here...
Don't miss:
Singapore came second and Sweden third. The United States ranked fifth, falling for the third year in a row.
“While many structural features that make its economy extremely productive, a number of escalating weaknesses have lowered the US ranking over the past two years,” it said.
The United States has good universities, is strong in research and development and has a big economy and a flexible workforce, the WEF found.
But it said that “the business community continues to be critical toward public and private institutions. More...
See the rankings here...
Don't miss:
- Switzerland becomes victim of own financial success...
- Singapore replacing Switzerland as global financial haven?
- Homeowners hit by soaring Swiss franc...
- Switzerland is the world's most innovative economy...
- Singapore is the best country in the world to run a business...
- Australia and Canada surpass Europe with most livable cities...
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