US 5th in Global Competitiveness

[Toro]

Down one notch from last year.

1. Switzerland
2. Singapore
3. Sweden
4. Finland
5. USA
6. Germany
7. Netherlands
8. Denmark
9. Japan
10. UK

The World Economic Forum identifies 12 pillars of competitiveness. They divide those between

Basic Requirements, which include

• Institutions
• Infrastructure
• Macroeconomic environment, and
• Health and primary education

Efficiency Enhancers

• Higher education and training
• Goods market efficiency
• Labor market efficiency
• Financial market development
• Technological readiness, and
• Market size

Innovation and Sophistication Factors

• Business sophistication
• Innovation

Interestingly, while the US ranked highly in the latter two - 3rd and 6th respectively - it ranked 36th in Basic Requirements.

The Global Competitiveness Report 2011 - 2012 : The World Economic Forum

 

[william the wie]

US education being what it is I find this plausible.

 

[Big Fitz]

Yeah, man..... but like. that's okay. We weren't that into it, man. So... like... yeahhhh....

But I'm cool about it. I have like... you know... gooood self esteem.

 

[Avorysuds]

Thanks Obama!
Thanks Bush!