America started going down in line with what I ve been saying on the forum and been told by american lovers that there are no facts to support me well check this report.
India ranks 56th in this year’s assessment. The country drops five places and demonstrates only minor changes in its competitiveness performance since last year.25 Among the BRICS, India continues to rank on a par with South Africa (50th) and Brazil (53rd) and ahead of Russia (66th), but its gap with China is widening:the score difference between the two economies has increased sixfold between 2006 and today, the gap expanding from less than 0.1 to 0.6 points.
India continues to be penalized for its mediocre accomplishments in the areas considered to be the basic factors underpinning competitiveness. The country’s supply of transport, ICT, and energy infrastructure remains largely insufficient and ill-adapted to the needs business (89th). Indeed, the Indian business community continues to cite infrastructure as the single biggest hindrance to doing business in the country. It must be noted, however, that the situation has been slowly improving since 2006, although this does not translate into a higher ranking because other countries have been improving faster. The picture is similar in the health and basic education pillar (101st). Despite improvements across the board over the past few years, public health and education quality remain a prime cause of concern.While we observe some encouraging trends in these two areas, the same cannot be said of the country’s institutions and macroeconomic environment, the other two dimensions comprising the basic requirements component of the GCI. In the past five years, discontent in the business community about the lack of reforms and the apparent inability of the government to provide a more conducive environment for business has been growing. Corruption (99th) and burdensome regulation (96th) certainly fuel this discontent. Since 2006, India’s score in the institutions pillar has plunged from 4.5 to 3.8. Once ranked a satisfactory 37th in this dimension, India now ranks 69th, having dropped 11 places this year alone. Meanwhile, the macroeconomic environment (105th) continues to be characterized by large and repeated public deficits and the highest debtto-GDP ratio among the BRICS. More recently, the stability of the country’s macroeconomic environment is being undermined by high inflation, near or above 10 percent. As a result, India has been hovering around the 100 mark in this pillar for the past five years.
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International experts are losing faith in the United States’ ability to overcome the country’s financial crisis in this report
In its listing the world’s most competitive economies, the United States has slumped down to slot number five.
The US held the first-place position back in 2008, but the recession that started a downward spiral late that year has displaced the United States into lower standing in the years since. Last year the US held on to spot number four, but the 2011 report by the forum has America usurped, barely clutching onto fifth place. This year’s fourth-place holder, Finland, is up from seventh place last year.
The forum explicitly states that "a number of escalating weaknesses" exist in America, but singles out rising government debt and a declining public faith in political leaders and corporate ethics as among the largest contributors to the fifth-place ruling.
The forum also suggests that while America may be on the decline, its productivity, education system and innovative and sophisticated companies lends to a standing still in the top five. America is also celebrated for a “flexible” labor market, though the economists associated with the forum may have failed to take into consideration the stagnant unemployment problem.
Sri Lanka 52..........
Thanks for sharing. Interesting read.
Good to see SL improving this year.
Saudi Arabia 17th...
And UAE is an Innovation driven Economy
The Chinese mainland progresses steadily in global competitiveness while the United States continues the decline that began in 2008, according to the latest Global Competitiveness Report 2011-2012 by the World Economic Forum.
Emerging markets and developing economies, particularly in Asia, have seen relatively strong economic growth, attracting increasing financial investment, the report said.
Over the past five years, several economies in Asia and the Pacific region — including the Chinese mainland, Indonesia, Vietnam and Sri Lanka — have made important strides in the Global Competitiveness Index (GCI) rankings.
The mainland rose by one rank from last year to 26th. It has improved each year since 2005, while Hong Kong maintained its 11th position and Taiwan remained stable at 13th.
As the most populous country in the world, China continues to take a lead in the BRICS by a significant margin. The other members are Brazil, 53; Russia, 66; India, 56; and South Africa, 50.
The US, Japan and Europe continue to experience slow or decelerating growth, with persistently high unemployment and continued financial vulnerability, particularly in some European economies.
Gross domestic product growth rates for advanced economies in 2011 are expected to remain at levels that, for most countries, are not strong enough to reduce the rise in unemployment during a recession.
The US again stumbled down the GCI rankings, falling for the third year in a row to fifth place. While many structural features continue to make its economy extremely productive, a number of escalating weaknesses have lowered the US ranking in recent years.
This year’s top 10 is dominated by European countries. Switzerland tops the list, followed by Sweden, 3; Finland, 4; Germany, 6; the Netherlands, 7; and Denmark, 8.
Singapore continues its upward trend to become the second-most competitive economy in the world, overtaking Sweden, while the United Kingdom rounds out the top 10 as it recovers from the crisis.
China getting more competitive - report|Media Digests|chinadaily.com.cn
we are in 52.
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