Switzerland has stolen the United States' crown as the world's most competitive economy, a World Economic Forum report concludes.
The Global Competitiveness Report 2009-10 praised Switzerland's "excellent capacity for innovation" and "very sophisticated" business culture citing its economic stability as the reason it claimed the top spot. It uses publicly available data and a survey of 13,000 business leaders across 133 economies to calculate its rankings. European economies dominate the top ten, which includes: Sweden, Denmark, Finland, Germany and the Netherlands. France was ranked 16th, Spain 33rd and Italy 48th. The report reveals the US' weakening financial markets contributed to its decline, while the ...
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