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The WEF Global Competitiveness Report 2008-2009

Oct 16th, 2008 by Linda Naiman

 
Global Competitiveness Report cover
   Some good news in the face of financial turmoil. The United States tops the overall ranking in The Global Competitiveness Report 2008-2009. Switzerland is in second position followed by Denmark, Sweden and Singapore. European economies continue to prevail in the top 10 with Finland, Germany and the Netherlands following suit. The United Kingdom, while remaining very competitive, has dropped by three places and out of the top 10, mainly attributable to a weakening of its financial markets. Canada ranks 10th.  

 The WEF report says that the U.S. is ranked first in innovation, with its markets allocating resources efficiently to promote and scale innovative activities. The problem today, according to the WEF, lies in bad macro-economic policies that have led to huge financial imbalances—and the current crisis. 

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