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Switzerland is world's most |
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| Switzerland is number one in The Global Competitiveness Report for the first time, reflecting the country's sound institutional environment, excellent infrastructure, efficient markets and high levels of technological innovation. |
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The country has a well developed infrastructure for scientific research, companies spend generously on R&D,
intellectual property protection is strong and the country's public institutions are transparent and stable. "The top ranking of Switzerland nicely shows that 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 competitive- ness in an increasingly complex global economy. Business activity in this country benefits from a well-developed institutional framework, characterized by the rule of law, an efficient judicial system and high levels of transparency and accountability within public institutions. Excellent infrastructure is an additional positive feature of the business environment. Our indicators point to the rapidly growing importance of higher education and training as engines of productivity growth. Countries that are investing heavily in education are likely to see rising levels of income per capita, growing success in reducing poverty and an increasing ability to establish a presence in the global economy," said Augusto Lopez-Claros, Chief Economist and Director of the World Economic Forum's Global Competitiveness Network. The rankings are drawn from a combination of publicly available hard data and the results of the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum, together with its network of Partner Institutes (leading research institutes and business organizations) in the countries covered by the Report. This year, over 11,000 business leaders were polled in a record 125 economies worldwide. The survey questionnaire is designed to capture a broad range of factors affecting an economy's business climate that are critical determinants of sustained economic growth. The Forum annually delivers a comprehensive overview of the main strengths and weaknesses in a large number of countries, making it possible to identify key areas for policy formulation and reform. | |||||||||||||||||||||||||||||||||
Global Competitiveness Index 2006 and 2005 comparisons
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