This is truly sad!
Economic Forum Warns U.S. Of Budget Deficit's Ill Effects
The U.S.'s huge budget deficit threatens to make the country's economy less competitive, according to a study by the World Economic Forum, an institute in Switzerland.
The institute's annual study of global competitiveness says the U.S. economy is the sixth most-competitive in the world, slipping from first place in last year's ranking, a result of mediocre scores for its public finances.
Switzerland ranks No. 1 in this year's survey, thanks to what the forum sees as a combination of efficient public administration and flexible markets. Three Nordic countries -- Finland, Sweden and Denmark -- come next, followed by Singapore and the U.S.
The competitiveness study ranks countries according to a range of criteria -- including macroeconomic policies, market regulations, technological development, education systems and public institutions -- that the forum believes influence an economy's level of productivity, and thereby its ability to sustain economic growth over many years. The ranking combines economic indicators with the findings from a survey of business executives.
COUNTRY RANKINGS 2006-2007
1. Switzerland
2. Finland
3. Sweden
4. Denmark
5. Singapore
6. U.S.
7. Japan
8. Germany
9. Netherlands
10. U.K.
11. Hong Kong
12. Norway
13. Taiwan
14. Iceland
15. Israel
Source: Global Competitiveness Report, World Economic Forum
http://online.wsj.com/article/SB115927746693374235.html?mod=economy_lead_story_lsc
Here is the full rankings of all countries.
This gives a full meaning to the word: no country left behind!
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