Reply #32: Wonder what prompted Inc.com to re-run this story?..... [View All]

[54anickel]

U.S. Falls From Top Spot in Global Competitive Rankings

http://www.inc.com/criticalnews/articles/200610/global.html?partner=yahoofeed

Despite a surge of entrepreneurial activity, years of running budget deficits have knocked the United States from its top spot on a closely-watched ranking of the world's most competitive nations.

Citing "large macroeconomic imbalances," the World Economic Forum, a global policy group based in Geneva, ranked the United States in sixth place on this year's Global Competitiveness Index, the group announced on Sept. 26.

The annual index is based on economic data, as well as surveys with more than 11,000 business leaders in 215 countries.

Switzerland ranked No. 1, up from No. 4 last year, as a result of its "sound institutional environment, excellent infrastructure, efficient markets and high levels of technological innovation," the report said.

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Could it be this next line?

Lopez-Claros said that business activity in these countries clearly benefited from "rule of law, an efficient judicial system, and high levels of transparency and accountability within public institutions."