The following is an excerpt from Julie Verhage | September 29, 2015 | Bloomberg.com |
Switzerland, Singapore, and the U.S. are once again taking the top spots in the latest edition of the World Economic Forum's Global Competitiveness Report, which combines 113 indicators that the WEF believes matter most for countries' productivity.
Here's a look at this year's top 10:
3. United States
7. Hong Kong
10. United Kingdom
In terms of movement, the top three remained in place, but there were some larger moves elsewhere on the full list of 140. The Netherlands was the biggest gainer in the top 10, moving up to No. 5, from No. 8 in the previous report. Brazil saw the biggest fall, tumbling 18 spots to No. 75 and taking the title of the worst performer among BRICS countries. However, India was a bright spot, climbing 16 places and coming in at No. 55.
Competitiveness is defined as "the set of institutions, policies, and factors that determine the level of productivity of an economy, which in turn sets the level of prosperity that the country can earn." These indicators include areas such as infrastructure, innovation, and the macroeconomic environment.
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