Sweden overtakes the US in competitiveness
Economy - Published Wednesday, 16 February 2011 05:46 | Author: Johan Nylander
Sweden is the
world’s second most competitive country, according to the World Economic Forum’s last ranking. The Scandinavian country was praised for its transparency, efficient financial markets and world-leading adoption of technology.
Switzerland topped the overall ranking in The Global Competitiveness Report 2010-2011. Sweden overtook the US and Singapore this year to be placed 2nd overall.
Sweden benefits from the world’s most transparent and efficient public institutions, with very low levels of corruption and undue influence. The
government is also considered to be one of the most efficient in the world (that leaves the United States Federal Government out. This administration spends more than an alcoholic at 'happy hour'), stated the report.
“Combined with a strong focus on education over the years (
ranked 2nd for higher education and training) (
that won't happen here as long as we have unions and teacher tenure placed at greater importance over students) and the world’s strongest technological adoption (ranked 1st in technological readiness), Sweden has
developed a very sophisticated business culture (2nd) and is one of the world’s leading innovators (ranked 5th)", said the World Economic Forum in its report.
http://www.swedishwire.com/economy/8...ompetitiveness