Switzerland was the most competitive country in the world in 2006, according to the yearly rankings published by the World Economic Forum . Yesterday, the people responsible for the rankings said the Confederation's public institutions and scientific research programs were the best in the world.
Our Swiss neighbors, who were number four last year, have thus managed to nose out the usual champions, Finland and Denmark, with the United States now dropping to number six in the rankings, two thirds of which are based on the results of a survey carried out of 11.000 of the planet's business executives.
"Switzerland has a well developed infrastructure in terms of scientific research," says Augusto Lopez-Claros, the chief author of this Global Competitiveness Report . "Good institutions and competent macroeconomic management, coupled with world-class educational attainment and a focus on technology and innovation, are a successful strategy for boosting competitiveness in an increasingly complex global economy," he added.
In addition to its infrastructure, Switzerland received good grades on its institutional framework, characterized by a "respect for the rule of law, an efficiently working judicial system, and high levels of transparency and accountability within public institutions." In this domain, the United States, very well noted for its technological innovation, has been outdone again this year: it has dropped five places in rankings because of the increasing mistrust on the part of economists of the burgeoning deficits and debt of the country. Washington is therefore number 69 of 125 in terms of "macroeconomic environment."
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