The U.S. ranks 3rd in global competitiveness
According to the World Economic Forum’s 2014-15 Global Competitiveness Report, the United States has the third most competitive economy in the world. (The U.S. ranked fifth in 2013-14.) Switzerland has the most competitive economy. Global competitiveness is “defined as the set of institutions, policies and factors that determine the level of productivity.”
Chart from the World Economic Forum.
http://www3.weforum.org/docs/GCR2014-15/GCR_Rankings_2014-2015.pdf
Categories: economy, Ranking of 3
economy, Switzerland
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Hi Mark, The definition appears so broad that they may as well have just tracked productivity. At least that would have been less subjective. I’m scratching my head to understand what institutions in the Emirates make it competitive. Best wishes, Roslyn Frankl