From the same folks who bring you the annual Financier's Prom (aka Davos) comes the latest Global Competitiveness Report. The World Economic Forum's report, a ranking of the world's economies, takes account of such factors as education systems, innovation and infrastructure among others.
Hurting the US, which dropped to fourth from second, were factors such as declining faith in both the public and private sectors and rising deficits. America was ranked #1 as recently as 2008. Perhaps most shockingly, the Swiss-based outfit ranked Switzerland the most competitive global economy.
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