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| Talacker 41, 8001 Zurich, Switzerland, Phone: +41 43 443 72 00, Fax +41 43 497 22 70, info@amcham.ch |
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The World of Competitiveness 2010 in Reset Mode |
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| For the first time in decades, Singapore (1) and Hong Kong (2) have topped the USA (3) in the IMD's World Competitiveness Yearbook rankings. They are so close, however, that it would be better to define them as the leading "trio". In the first 10 places: Australia (5), Taiwan (8) and Malaysia (10) also benefit from strong demand in Asia. Switzerland (4) maintains an excellent position characterized by strong economic fundamentals (very low deficit, debt, inflation and unemployment) and a well-defended position on export markets. Sweden (6) and Norway (9) shine for the Nordic model, although Denmark (13) surprisingly loses ground, in particular due to the pessimistic mood expressed in the survey. |
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| Not surprisingly Germany (16) leads the larger "traditional" economies such as UK (22), France (24), Japan (27) and Italy (40). Despite a significant budget deficit and growing debt, Germany's performance is driven by strong trade (second largest exporter of manufactured goods), excellent infrastructure, and a sound financial reputation. It was also to be expected that China (18) would lead the other BRIC nations, followed by India (31), Brazil (38) and Russia (51). And of course the credit-worthiness storm that affects Southern Europe acts as a drag on the performance of Spain (25), Portugal (37) and Greece (46). |
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Rank 1 - 30 - The World Competitiveness Scoreboard |
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The World Competitiveness Scoreboard presents the 2010 overall rankings for the 58 economies covered by the WCY. The economies are ranked from the most to the least competitive and the results from the previous year's scoreboard (2009) are shown in brackets. |
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For further ranks and to view the official IMD press release dated May 19, 2010 please click here. |
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