U.S. Fourth Most Competitive

The United States fell by two positions to fourth in the recently released World Economic Forum’s Global Competitiveness Index.  The report measures productivity and potential through the use of “twelve pillars of economic competitiveness” in order to formulate the rankings.  Switzerland, Sweden, and Singapore topped the chart, while the United States slipped largely due to low scores in government debt and savings.  China, meanwhile, jumped to 27th in the rankings, up from 29th last year.

While the United States dropped in the overall rankings, there were some bright spots to be found.  The U.S. scored high marks in the labor market, higher education, and infrastructure rankings.  More importantly, the United States ranked first overall in innovation.  Given the stresses the American economy has been under the past year, it is a reassuring sign that innovation remains a key strength.

Posted by: Michael Darden

Sources: The Guardian, Washington Post, World Economic Forum

Photo credit: Global Competitiveness Report 2010-2011 courtesy of flickr user World Economic Forum

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One Response to U.S. Fourth Most Competitive

  1. Pingback: Ranking the “New Economy” « America and the Global Economy

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