Friday March 31, 2023
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » United States Loses Crown of World’s Most Competitive Economy

United States Loses Crown of World’s Most Competitive Economy

Elena Toledo by Elena Toledo
June 1, 2016
in Chile, Economics, Featured, Mexico, News Brief, North America, South America, United States, Venezuela
FacebookTwitterTelegramWhatsapp
competitividad
The United States is no longer the leader in economic competition falling to the 30th position. (Summa)

Español Mexico fell six places in 2016 global competitiveness rankings in the Global Competitiveness Index IMD, which analyzes 61 economies and was prepared by the Business School of Switzerland.

Mexico now occupies the 45th position, having fallen from last year’s 39th spot.

Meanwhile, the United States lost the lead in competitiveness after three years of leadership, and now occupies the third-place position. The most economically competitive countries are now China and Switzerland, respectively.

  • Read More: Four Bodies Recovered from Secret Government Mass Grave in Mexico  

“The United States still has the best economic performance in the world, but there are other factors taken into account when assessing competitiveness. The absolute power of the US economy is no longer enough to keep it as leader,” Director of the IMD Competitiveness Center Arturo Bris said in a statement.

After the United States, the list reads: Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada — making them the most competitive economies worldwide.

Meanwhile, the index reports that Chile is placed in the best position of all Latin American nations, at 36th — just behind Mexico. Argentina occupies the 55th position and is the only one in  South American that improved its position over the previous year. Venezuela, as expected, is ranked last, at 61st.

RelatedArticles

The night Chris Rock turned into a 12-year-old whiny bully victim

The night Chris Rock turned into a 12-year-old whiny bully victim

March 26, 2023
The new socialist supremacisms: a maoist cultural revolution undermines the US

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
  • Read More: Critics bash Mexico City’s “Rape Whistle” Program

“Economic growth driven by innovation in the poorest countries improves competitiveness,”Bris said, “but also increases inequality. This is obviously an issue that requires long-term care.”

The document details the classification of countries based on the analysis of more than 340 criteria points derived from four main factors: economic performance, government efficiency, business efficiency and infrastructure.

The responses of the in-depth study of more than 5,400 business executives, who were asked to assess the situation in their own countries, were also taken into consideration.

“It is clear that current economic growth is by no means a guarantee of future competitiveness,” Bris added. “Nations like Qatar do very well in terms of economic performance, but remain weak in other pillars such as government efficiency and infrastructure.”

Bris also said a commitment to a favorable environment for entrepreneurs is among the factors driving the growth of China. The country promotes innovation without imposing restrictions on capital flows to or from the territory, making it a gateway for direct foreign investment.

However, the study, which started 25 years ago, also reveals that the phrase, “the rich get richer and the poor poorer” may have some validity.

“Since 1995, the world has become increasingly unequal in terms of income differences between countries”, the specialist said.

Source: Forbes.

Tags: Argentina's economychilean economyChinaEconomicsUnited states economy
Elena Toledo

Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Related Posts

The night Chris Rock turned into a 12-year-old whiny bully victim
Columnists

The night Chris Rock turned into a 12-year-old whiny bully victim

March 26, 2023
The new socialist supremacisms: a maoist cultural revolution undermines the US
Columnists

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing
United States

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021
News

Maduro’s Trial Falls Behind Despite Coordination Between Interim Government and ICC

June 15, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Next Post
Maduro to OAS: “Shove Democratic Charter Up You Know What”

Maduro to OAS: "Shove Democratic Charter Up You Know What"

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.