Posted on 09/27/2017 2:14:58 AM PDT by 2ndDivisionVet
The United States is now the second most competitive economy in the world, climbing to an eight-year high in global rankings, according to an analysis published Tuesday by the World Economic Forum.
The latest edition of the Global Competitiveness Report, an annual ranking of 137 countries based on data from international financial institutions, moved the U.S. up from the number three position to second place, just behind Switzerland.
Singapore, the Netherlands and Germany rounded out the top five spots.
“The strength of the United States comes from its performance in efficiency enhancers and innovation and sophistication factors,” wrote economists Klaus Schwab and Xavier Sala-i-Martín for the WEF, a Swiss group focused on promoting growth worldwide.....
(Excerpt) Read more at standard.net ...
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