Industrial Insight

slipping down… | September 5, 2012

http://www.cnbc.com/id/48905756

US Slips Down the Ranks of Global Competitiveness

Published: Wednesday, 5 Sep 2012 | 4:06 AM ET

By:

Ansuya Harjani

Despite declining in the overall ranking, the forum highlighted that the U.S. remains one of the world’s top innovators – supported by an “excellent” university system – and continues to offer vast opportunities because of the sheer size of its domestic economy.

Switzerland and Singapore retained their positions as the most competitive economies, coming in 1st and 2nd, respectively.

The Global Competitiveness Index 2012–2013

Country 2012-2013 2011-2012
Switzerland 1 1
Singapore 2 2
Finland 3 4
Sweden 4 3
Netherlands 5 7
Germany 6 6
United States 7 5
United Kingdom 8 10
Hong Kong 9 11
Japan 10 9

Source: World Economic Forum

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