Switzerland ranks first in Europe and fourth in the world (behind the U.S.,
Singapore and Hong Kong) in global competitiveness, according to the World
Competitiveness Yearbook. The report was released on May 15 by the Lausanne-based business school, the IMD. This result marks a climb in two places from last
year’s yearbook, where Switzerland placed sixth overall. According to the report, Switzerland was a leader in economic growth, infrastructure and taxation; businesses in Switzerland benefited from the country’s health and education systems and from its traditional political stability. To hold its competitive edge in coming years, it will be key for Switzerland to invest not only in economic infrastructure but also in public infrastructure such as quality of life, security of private property, and sustainable development, according to Lausanne’s World Competitiveness Center. The IMD’s annual competitiveness study is now in its 20th year.
Monday, July 28, 2008
Switzerland Climbs World Ladder
From the Swiss embassy: