US has fallen from 1st to 7th place in just five years – on the Global Competitiveness Index done by the World Economic Forum.
Germany now more competitive than the US.
In 2012:
- Switzerland
- Singapore
- Finland
- Sweden
- Netherlands
- Germany
- United States
The US recent track record was 1st (2008), 2nd (2009), 4th (2010) and 5th (2011).
From Der Spiegel:
Blasting Europe has become a reflex in the US presidential campaign, with Republican nominee Mitt Romney leading the way. But a new report ranking economic competitiveness has found that the US is no longer the leader it once was. This year, the country even dropped behind Germany.
(..) This week, though, brought yet another indication that Romney might want to refine his trans-Atlantic message. According to the Global Competitiveness Index released annually by the World Economic Forum, the United States once again lost ground. Ahead of the economic superpower on the list? Four European Union countries and Switzerland. Indeed, the report hints that the US might not be working in the US.
Read more here.
