Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

U.S. Loses Ground in World Competitiveness Ranking: Falls to Number 9
STATISTA ^ | 06/21/2023 | Felix Richter

Posted on 06/21/2023 9:59:13 PM PDT by SeekAndFind

Denmark, Ireland and Switzerland have been named the world’s most competitive economies in the 2023 World Competitiveness Ranking published by the International Institute for Management Development (IMD) on Tuesday. While Denmark managed to stay in first place after its rise to the top last year, Ireland leapt from 11th to second place, with Switzerland stuck in neutral in third place.

What springs to mind when looking at this year’s top performers is the fact that all of them are relatively small economies, enabling them to react faster in today’s fast-paced globalized economy. “Navigating today’s unpredictable environment requires agility and adaptability,” Christos Cabolis, the WCC’s chief economist explains. “Countries which excel are building resilient economies, such as Ireland, Iceland, and Bahrain. Their governments are also able to adapt policies based on current economic conditions in a timely fashion.”

The same cannot be said of the United States with its federal system and slow-moving legislative process, which partly explains the U.S. economy’s gradual decline from the top of IMD’s annual ranking. Having held the top position uninterrupted from 1997 to 2009 and not fallen out of the top 3 until 2017, the world’s largest economy ranks ninth this year after sitting in 10th place from 2020 through 2022. While that may sound bad considering the United States’ status in the world, it still makes the U.S. the highest-ranked among the world’s largest economies with Canada the only other top 10 economy (in terms of GDP) to make the top 20 in the 2023 Competitiveness Ranking.

With five economies in the top 10, Europe once again excelled in the 2023 ranking, even though the region’s economic powerhouses Germany, France and the UK are notably absent from the top 10, and the top 20 for that matter.



TOPICS: Business/Economy; Society
KEYWORDS: agitprop; business; competitiveness; itistolaugh; ntsa; russiansuicide; usa

1 posted on 06/21/2023 9:59:13 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

2 posted on 06/21/2023 10:01:03 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

“Number 9? Number 9?”


3 posted on 06/21/2023 10:05:23 PM PDT by lee martell
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

If only we had greater use of equitable filling of jobs we could move from position 9…. FOR SURE!

I’m not saying whether the movement would be up or down the rankings.


4 posted on 06/21/2023 10:06:47 PM PDT by House Atreides (I’m now ULTRA-MAGA. -PRO-MAX’)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lee martell

“ “Number 9? Number 9?”

Turn me on, dead country


5 posted on 06/21/2023 10:07:18 PM PDT by Scott from the Left Coast (“We should not assume civilization is robust”)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

Let’s Go Brandon!


6 posted on 06/21/2023 10:12:12 PM PDT by broken_clock (Go Trump! Still praying.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

We are closer to number one in competitiveness in women’s sports.


7 posted on 06/21/2023 10:13:10 PM PDT by webheart
[ Post Reply | Private Reply | To 1 | View Replies]

To: Scott from the Left Coast

Followed by the obligatory: “Anyone can see that’s not the real Paul, starting right then!”


8 posted on 06/21/2023 10:32:45 PM PDT by lee martell
[ Post Reply | Private Reply | To 5 | View Replies]

To: All; SeekAndFind

On the bright side we are #2 (behind China) for countries over 20 million population (page 40 in the booklet at the following link):

https://www.imd.org/centers/wcc/world-competitiveness-center/rankings/world-competitiveness-ranking/2023/


9 posted on 06/21/2023 10:32:48 PM PDT by Drago
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

#9 and dropping by design. DEIA inhibits competitiveness.


10 posted on 06/21/2023 11:02:28 PM PDT by mikey_hates_everything
[ Post Reply | Private Reply | To 1 | View Replies]

To: mikey_hates_everything
In the 80' Cali was the 3-rd largest economy in the world!

Decline of the Empire......

11 posted on 06/21/2023 11:53:07 PM PDT by NachOsten (Only a Fool believes there is no hell!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: broken_clock

exactly


12 posted on 06/22/2023 12:55:17 AM PDT by Gene Eric (Don't be a statist!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: NachOsten
It's the 6th now. China, India and now united Germany have passed.
13 posted on 06/22/2023 3:03:57 AM PDT by Krosan
[ Post Reply | Private Reply | To 11 | View Replies]

To: lee martell

It’s OK.

It’s not as bad as it sounds.

We have strength in diversity! (sarc)


14 posted on 06/22/2023 4:05:15 AM PDT by Red6
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

On a related note-

Saudi Arabia, UAE, have surprised me.

I would have never thought that they would pull their head out of their @ss.

But look at them!


15 posted on 06/22/2023 4:07:52 AM PDT by Red6
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Diversity is a strength!

If you say it long enough and loud enough...

Kind of like clapping for Tinkerbell.


16 posted on 06/22/2023 4:18:47 AM PDT by Altura Ct.
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The United States. The world’s newest third world outhouse.


17 posted on 06/22/2023 4:59:36 AM PDT by FlingWingFlyer (FJB is out there signing hundreds of new gun laws and won't even enforce one against his own son.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Ireland, Denmark, and Switzerland have one more economic advantage that was not mentioned...

In spite of massive Third World immigration, the population of all three countries is probably still above 90% white European.

Denmark and Ireland for certain.

Switzerland no longer collects race based data, but is certainly close to 90%.

Imagine how wealthy they could be if they only understood that diversity equals strength!


18 posted on 06/22/2023 11:13:23 AM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
[ Post Reply | Private Reply | To 1 | View Replies]

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.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson