| Submit your comments on this article |
| Economy |
| US Slips Down the Ranks of Global Competitiveness |
| 2012-09-06 |
| [CNBC] The United States has slipped further down a global ranking of the world's most competitive economies, according to a World Economic Forum (WEF) survey released on Wednesday. The world's largest economy, which was placed 5th last year, fell two positions to the 7th spot - marking its fourth year of decline. A lack of macroeconomic stability, the business community's continued mistrust of the government and concerns over its fiscal health were some of the reasons for the downgrade, according to the annual survey. "A number of weaknesses are chipping away at its competitiveness...the U.S. fiscal imbalances and continued political deadlock over resolving these challenges," said Jennifer Blanke, Economist at the Geneva-based WEF. |
| Posted by:Fred |
| #4 It's a race to the bottom, an we don't compete for the Silver. |
| Posted by: Glavins Whamble9091 2012-09-06 12:16 |
| #3 That list looks a bit daft. |
| Posted by: Bright Pebbles 2012-09-06 11:15 |
| #2 Absent from that list - Mexico. |
| Posted by: Procopius2k 2012-09-06 08:17 |
| #1 This is the top 30 of the 2012–2013 report [Wikipedia] 1. Switzerland 5.72 (—) 2. Singapore 5.67 (—) 3. Finland 5.55 (+1) 4. Sweden 5.53 (-1) 5. Netherlands 5.50 (+2) 6. Germany 5.48 (—) 7. United States 5.47 (-2) 8. United Kingdom 5.45 (+2) 9. Hong Kong SAR 5.41 (+2) 10. Japan 5.40 (-1) 11. Qatar 5.38 (+3) 12. Denmark 5.29 (-4) 13. Taiwan 5.28 (—) 14. Canada 5.27 (-2) 15. Norway 5.27 (+1) Austria 5.22 (+3) Belgium 5.21 (-2) 18. Saudi Arabia 5.19 (+1) South Korea 5.12 (+5) 20. Australia 5.12 (—) France 5.11 (-3) Luxembourg 5.09 (+1) New Zealand 5.09 (+2) 24. United Arab Emirates 5.07 (+3) 25. Malaysia 5.06 (−4) Israel 5.02 (-4) Ireland 4.91 (+2) Brunei 4.87 (—) China 4.83 (-3) 30. Iceland 4.74 (—) |
| Posted by: Bobby 2012-09-06 05:54 |