U.S. tops World Economic Forum's 'Global Competitiveness Report' for first time in a decade

Tuesday, October 16, 2018 | Tag Cloud Tags: , , , , , , ,

(Worthy News) - Organizers of the annual Davos conference ranked the United States first in their ranking of the world’s most competitive economies for the first time in a decade Wednesday, saying the No. 1 spot reflects a new methodology and long-term factors more than recent policies of the Trump administration.

The World Economic Forum said its “Global Competitiveness Report” is based on nearly 100 separate factors in a dozen categories that have been reworked slightly to better reflect today’s rapidly changing, increasingly digitized world economy.

The U.S. is followed by Singapore, Germany, Switzerland and Japan in the top five spots among the 140 economies considered. In nearly 40 years of the group’s rankings on competitiveness, the U.S. previously earned top honors in 2008. Switzerland was No. 1 last year. [ Source: Washington Times (Read More...) ]

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