The highlights? 'The US has regained the
No. 1 spot in 2013, thanks to a rebounding financial sector, an
abundance of technological innovation and successful companies.
China (21) and Japan
(24) are also increasing their competitiveness. In the case of Japan,
Abenomics seems to be having an initial impact on the dynamism of the
economy.
In Europe, the most competitive nations include Switzerland (2), Sweden (4) and Germany
(9), whose success relies upon export-oriented manufacturing,
diversified economies, strong small and medium enterprises (SMEs) and
fiscal discipline. Like last year, the rest of Europe is heavily
constrained by austerity programs that are delaying recovery and calling
into question the timeliness of the measures proposed.
The BRICS economies have enjoyed mixed fortunes. China (21) and Russia (42) rose in the rankings, while India (40), Brazil (51) and South Africa
(53) all fell. Emerging economies in general remain highly dependent on
the global economic recovery, which seems to be delayed."
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