Switzerland Tops 2012-2013 Competitiveness Report

IESE Contributes to Global Ranking Project

14/09/2012

World

Switzerland occupies the top spot for the fourth consecutive year in The Global Competitiveness Report 2012-2013, published this week by the World Economic Forum. Singapore and Finland are in second and third place, respectively. Other countries placing in the top 10 are: the Netherlands (5th), Germany (6th), the United States (7th), the United Kingdom (8th), Hong Kong (9th) and Japan (10th).

IESE Business School's International Center for Competitiveness is the Spanish partner institute for the WEF's Centre for Global Competitiveness and Performance, which spearheads the report. Heading IESE's contribution were María Luis Blázquez, research associate, and Prof. Antoni Subirà.

Among the BRICs, China continues in the lead, with Brazil moving up in the overall rankings. Meanwhile, South Africa, India and Russia all dropped in the ranking. The U.S. fell to 7th place.

The Southern European countries of Portugal, Spain, Italy and Greece "continue to suffer from competitiveness weaknesses in terms of macroeconomic imbalances, poor access to financing, rigid labour markets and an innovation deficit," authors of the report say.

Overall, the global economy remains "fragile," the report notes. "Global growth remains historically low for the second year running with major centers of economic activity - particularly large emerging economies and key advanced economies - expected to slow in 2012-2013, confirming the belief the global economy is troubled by a slow and weak economy."

For more information on the report, visit WEF.