Switzerland, Finland and Sweden are the world's most competitive economies according to The Global Competitiveness Report 2006-2007, released by the World Economic Forum.
Denmark, Singapore, the United States, Japan, Germany, the Netherlands and the United Kingdom complete the top ten list, but the United States shows the most pronounced drop, falling from first to sixth.
“The top rankings of Switzerland and the Nordic countries show that good institutions and competent macroeconomic management, coupled with world-class educational attainment and a focus on technology and innovation, are a successful strategy for boosting competitiveness in an increasingly complex global economy."
"Business activity in these countries benefits from a well-developed institutional framework, characterized by the rule of law, an efficient judicial system and high levels of transparency and accountability within public institutions. Excellent infrastructure is an additional positive feature of the business environment."
"Our indicators point to the rapidly growing importance of higher education and training as engines of productivity growth."
"Countries that, like the Nordics, are investing heavily in education are likely to see rising levels of income per capita, growing success in reducing poverty and an increasing ability to establish a presence in the global economy,” said Augusto Lopez-Claros, Chief Economist and Director of the World Economic Forum's Global Competitiveness Network.
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