According to IMD, for Asian countries, Singapore achieved top places in knowledge and technology factors, and secured 15 in future readiness.
Posted on 07/18/2018 7:10:56 AM PDT by SeekAndFind
With dynamic growth and access to capital seen as primary factors for jumping three places, the US has regained its status as being on the cutting edge of competitiveness in a ranking by the IMD think tank.
A competitive ranking of 63 advanced economies published on Wednesday showed the United States improving three positions to return to the top spot, overtaking Hong Kong, Singapore and the Netherlands, and leaving Switzerland behind.
As the top five most competitive countries in the world remained the same — changing only in their order — the American economy's comeback was mainly driven by economic performance, government efficiency, capital provision and digital infrastructure, said the authors of the study compiled by the Swiss Business School IMD.
Read more: Trump reveals plan to repair America's creaky infrastructure
Arturo Bris, director of the IMD World Competitive Center, noted that countries at the top shared an above-average performance across all relevant sectors, but that their "competitiveness mix varies."
"One economy, for example, may build its competitiveness strategy around a particular aspect such as its tangible and intangible infrastructure; another may approach competitiveness through their governmental efficiency," he said.
The IMD World Competitiveness Center has published the rankings every year since 1989. The study is based on 258 indicators, including both hard data such as employment and trade statistics, and soft data gathered from a survey of executive opinions on issues such as corruption, environmental concerns and quality of life.
Attractive USA
The US economy lost its long-time competitive lead in 2016, when it fell to third place, and even to fourth place one year later.
Other economies advanced even further than the US's this year. Austria, for example, improved its position most significantly, moving from 25th to 18th, while China gained five places and is now ranked 13th.
IMD's Arturo Bris said economic growth, reduction of government debt and increased business productivity enabled Austria to move up.
"In the case of China, investment in physical and intangible infrastructure as well as improvement on some institutional aspects such as the legal and regulatory framework boost its performance," he added.
Europe's biggest economy, Germany, fell back two places, coming in at 15th — the fifth consecutive annual decline. IMD Chief Economist Christos Cabolis attributed the slide to increasingly negative views about the government's ability to cope with current business developments. In addition, German entrepreneurship and the credibility of managers were seen with rising skepticism, he said.
"Corporate heads are skeptical about Germany's willingness to embrace the digital transformation in its economy or even fully grasp the dimension of the change," he told the news agency Reuters.
“It’s the economy, stupid.”
And a tear rolled down Obama’s cheek.
Trump lied!
I’m still not tired of all this winning.
More tariffs!
See here for the full study and report:
https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2018/
The study was made before Trump’s tariffs were implemented.
The top five most competitive economies in the world remain the same as in the previous year, but their order changes. The United States returns to the first spot, followed by Hong Kong, Singapore, the Netherlands and Switzerland. The Netherlands moves one place to 4th, swapping with Switzerland which moves down to 5th.
The remaining places in the top 10 are occupied largely by Nordic countries: Denmark, Norway and Sweden rank 6th, 8th and 9th respectively.
“The IMD World Competitiveness Center has published the rankings every year since 1989. The study is based on 258 indicators, including both hard data such as employment and trade statistics, and soft data gathered from a survey of executive opinions on issues such as corruption, environmental concerns and quality of life.”
—
This is really not a measure of anything.
In my opinion, that is.
It is like, let’s make a list, and make the biggest consumer in the entire world, a “competitor”.
We don’t really compete, we buy.
We buy, and buy, and buy.
And buy some more.
We compete, by buying.
We are the world’s champion, at buying things.
Trump’s fault!
We were supposed to accept the slide to mediocrity that the Kenyanesian usurper had set US on.
But what about Russia?
RE: But what about Russia?
See here for the full study and report:
https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2018/
Tariffs stimulate domestic production, wages, employment and GDP. So it will only get better in the long run.
"President Trump said what he has said for thirty years;
We are in this social, political and economic mess because stupid people made stupid deals and pre-candidate, candidate, President elect and President Trump has repeatedly and consistently said the stupid deals would be negated, vacated or re-negotiated.
THAT'S what he said standing beside Putin, who added ... "Who said we trust each other?"
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.