United States Named ‘Most Competitive’ Economy
October 19, 2018--The most competitive economies in the world today are the United States, Singapore, Germany, Switzerland and Japan, according to an annual assessment by the World Economic Forum.
The annual report provides a snapshot of the business landscape within 140 countries based on a criteria thought to support economic growth.
U.S. Innovation & Dynamism
Rising one spot over last year's number two spot, the United States ranks the highest this year. The high score of 85.6 on a 100-point measurement scale is due mainly to it business culture, labor market and financial system.
The United States ranked less well, however, on other quality measures such as health, judicial independence, corruption and checks and balances. It's life expectancy of 67.7 years ranks 46th on th...