Switzerland one of the most competitive economies
The World Economic Forum (WEF) has ranked Switzerland the world’s second most competitive economy after the United States.
According to WEF Chief Economist Margareta Drzeniek:
“Switzerland is still a good place to do business. In terms of public institutions, red tape etc. it is very well managed. It is also a very good environment for innovation, where it has even improved since last year.”
The top ten in 2007 remain the same as in last year, just in a different order. Europe is strongly represented by Denmark, Sweden, Germany and Finland from third to sixth place. Singapore and Japan are seventh and eight places while Britain and the Netherlands were ranked ninth and tenth.The main change from 2007 is that the USA have moved up from sixth to first place. The economies of China and India were placed 34th and 48th respectively this year.
The report also says that Switzerland is characterised by an excellent capacity for innovation and a very sophisticated business culture.
