U.S. Drops From First to Third in Global Competitiveness Ranking

The Washington Times  

 
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http://www.washingtontimes.com/news/2016/may/31/us-drops-1st-3rd-global-comp
etitiveness-ranking/

 

... The U.S. economy is no longer the most competitive and pro-business in
the world, after holding the top spot for the previous three years,
according to a comprehensive new survey. The Switzerland-based IMD World
Competitiveness Center in its 2016 ranking puts the U.S. third behind
China's Hong Kong region and Switzerland ... The sheer size and scope of the
American economy were no longer sufficient to keep it at the top of the
closely-watched global ranking, Arturo Bris, director of the IMD center,
said. "The common pattern among all of the countries in the top 20 is their
focus on business-friendly regulation, physical and intangible
infrastructure and inclusive institutions." Rounding out the top ten
competitive economies were Singapore, Sweden, Denmark, Ireland, the
Netherlands, Norway and Canada.

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