United States in the global economy's competitiveness rising again after four years of decline, although the Nordic countries continue to dominate the published annually by the World Economic Forum rankings.
In the latest survey released on Wednesday, the Forum ranked the United States - the world's largest economies - the overall competitiveness in fifth place, from seventh last year. U.S. turnaround reflects "that improve the country's financial markets, and greater confidence in public institutions, the report concluded."
Home Forum in the Swiss ski resort of Davos hosts the annual global gathering of business and political leaders, every winter, according to a country's competitiveness, such as the quality of its infrastructure and its ability to develop innovative factor.
Six of the top 10 European countries: Switzerland, Finland, Germany, Sweden, the Netherlands, the UK-based. The remaining three slots in Asia, Singapore, Hong Kong and Japan.
Most competitive economy in the forum, namely Switzerland, followed by Singapore, Finland, all three unchanged, and their No. 1 ranking from last year. Germany rose to fourth place from sixth last year, reflecting the high quality infrastructure and efficient commodity markets and high innovation.
Hong Kong rose to seventh place, moved up to ninth in Japan. However, Sweden fell to sixth place, while the Netherlands sank to eighth, England move down to the 10th, reflecting what distracted forum's public debt issues and concerns about the future of the euro currency.
, The forum's founder and Executive Chairman Klaus Schwab said that innovation is the ability of economic prosperity more and more critical factor.
"I predict," developed "and" underdeveloped "will disappear gradually over the traditional distinction between countries," he said, "Instead, we will refer to them more innovative rich 'and' poor country innovation."
The Global Competitiveness Report for five consecutive years, the Swiss economy has exceeded 148 in the rankings. Forum said that Switzerland's position, especially lies in innovation, labor market efficiency, the complexity of its business and first-class research institutions.
The survey found that in southern European countries such as Spain, Italy, Portugal and Greece continue to be a large number of economic issues, including in its financial markets and the financing channels weaknesses.
 



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