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Friday, October 21, 2016

Hong Kong took the title of USA as the most competitive economy

The U.S. economy lost the title of the most competitive in the world. In a new ranking compiled by the Swiss Institute for management (IMD), the US took the third position.

photo: Alexander Astafyev

The American economy held the lead for the last three years, but is now in first place was Hong Kong, the second to Switzerland. Singapore, previously trailing the top three, ranked fourth.

The top ten also includes Sweden, Denmark, Ireland, the Netherlands, Norway and Canada.

It is worth noting that Russia moved up one position and now occupies 44th place. At the 43rd place was Macao, 45-m — Mexico. Ukraine also improved its performance, moving up from 60th to 59th place.

But Kazakhstan fell by 13 positions (47th place), China slipped three places and is now engaged in 25 th place. Belarus in the rating is not included.

IMD publishes the world competitiveness ranking for 27 years. Experts estimate how the countries can create the conditions for effective business development growth.

The evaluation is based on 369 criteria, broken into four parts: the overall efficiency of the economy, public administration, business efficiency and infrastructure development. Based on taken data, and expert opinions.

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