The Netherlands slips on WEF world's most competitive economy list

Britain scored highly on diversity of workforce but still fell two places on the table of competitive economies

The World Economic Forum, the same organization that runs the Davos meeting of global powerbrokers each January, bases its rankings of 140 economies on a dozen drivers of competitiveness, including a country's institutions and the policies that help drive productivity.

On the list of 140 economies, the U.S. is followed by Singapore and Germany in the second and the third positions respectively.

The WEF report looked at 12 pillars to assess country rankings: institutions, infrastructure, information and communications technology adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, business dynamism, and innovation capability.

In its closely-watched annual Global Competitiveness Report, the WEF said the the country closest to the "frontier of competitiveness", an indicator that ranks competitive productivity using a scale from zero to 100. In that updated list, the U.S. finished top as well.

In addition to ranking countries, the report makes a number of general assessments regarding the overall competitiveness and health of the world economy.

Wife gets footballer husband arrested over child sex
Judge Julius Hunter found probable cause to send the case to Muscogee Superior Court, and ordered Crawford held without bond. When Kenya took the girl back to her mother, the pre-teen said she had been asleep in the living room when Crawford came in.

The report argues that numerous key factors that will drive future economic growth, such as idea generation, entrepreneurial culture, openness and agility, have not yet been the focus of major governmental policy making.

Singapore, the Netherlands and Hong Kong outperformed Britain, while the top four economies held their positions from the previous year.

With its strong focus on the impact of the so-called fourth industrial revolution, the report assesses what it believes is the readiness of countries to handle future changes in the business landscape. "It comes second in another two; innovation (behind Germany) and market size (behind China)".

"With the recently passed Ease of Doing Business Act, we remain optimistic that the government will be able to sustain these gains and address the concerns of efficiency in doing business", said Makati Business Club Chairman Edgar Chua.


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