WEF - 2005 competitiveness rankings
World Economic Forum 2005 competitiveness rankings:
"Finland remains the most competitive economy in the world and tops the rankings for the third consecutive year in The Global Competitiveness Report 2005-2006, released Wednesday by the World Economic Forum (WEF).
The United States is in second position, followed by Sweden, Denmark, Taiwan of China and Singapore, respectively.
Altogether 117 countries and areas are included in the rankings. Researchers place particular attention on elements of the macroeconomic environment, the quality of public institutions which underpin the development process, and the level of technological readiness and innovation.
'The Nordic countries share a number of characteristics that make them extremely competitive, such as very healthy macroeconomic environments and public institutions that are highly transparent and efficient, with general agreement within society on the spending priorities to be met in the government budget,' said Augusto Lopez-Claros, chief economist and director of the WEF's Global Competitiveness Program.
According to the report, the United States demonstrates overall technological supremacy, with a very powerful culture of innovation. However, technological prowess is partly offset by a weaker performance in other areas measured by the index. The country's greatest weakness concerns the health of its macroeconomic environment, where it ranks a low 47th overall."
Read the full article at People's Daily
"Finland remains the most competitive economy in the world and tops the rankings for the third consecutive year in The Global Competitiveness Report 2005-2006, released Wednesday by the World Economic Forum (WEF).
The United States is in second position, followed by Sweden, Denmark, Taiwan of China and Singapore, respectively.
Altogether 117 countries and areas are included in the rankings. Researchers place particular attention on elements of the macroeconomic environment, the quality of public institutions which underpin the development process, and the level of technological readiness and innovation.
'The Nordic countries share a number of characteristics that make them extremely competitive, such as very healthy macroeconomic environments and public institutions that are highly transparent and efficient, with general agreement within society on the spending priorities to be met in the government budget,' said Augusto Lopez-Claros, chief economist and director of the WEF's Global Competitiveness Program.
According to the report, the United States demonstrates overall technological supremacy, with a very powerful culture of innovation. However, technological prowess is partly offset by a weaker performance in other areas measured by the index. The country's greatest weakness concerns the health of its macroeconomic environment, where it ranks a low 47th overall."
Read the full article at People's Daily
