US slips in WEF’s competitiveness rankings for 2010

first_img whatsapp Thursday 9 September 2010 8:09 pm KCS-content whatsapp SWITZERLAND remains the world’s most competitive economy, while the United States has fallen from second to fourth after losing the top spot last year, according to the World Economic Forum’s (WEF’s) annual rankings.Sweden, in second spot, and Singapore in third leapfrogged the United States in the WEF’s Global Competitiveness Report 2010/2011.Last year the Asian city-state ranked third and Sweden fourth. Germany climbed to fifth from seventh.The WEF said America slipped in the ranking due to a build-up in US macroeconomic imbalances, a weakening of the country’s public and private institutions and concerns about the state of its financial markets.The report said a lack of macroeconomic stability continues to be America’s greatest area of weakness, with repeated fiscal deficits leading to burgeoning public indebtedness.It also said that US business leaders show less trust in politicians and the government’s ability to maintain an arm’s-length relationship with the private sector.The report factors in a survey among business leaders, assessing the government’s efficiency and transparency.Switzerland retained first place thanks to its high capacity for innovation and sophisticated business culture. Nordic countries did well, with Finland and Denmark joining Sweden in the top 10.China rose two places to 27th and was the most competitive of the major emerging economies. Share center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comHero WarsBig Boss of internet games!Hero WarsWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestyle US slips in WEF’s competitiveness rankings for 2010 Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img