The Swiss research group and leader in management education IMD (Institute of Management Development) has published world competitiveness rating.
IMD has been conducting competitiveness analysis since 1989. Each country is assessed based on 331 criteria that characterize government performance, economic health, business environment and infrastructure development.
Russia this year took 48th place out of 59 possible. And today we bring the top ten leaders of the IMD rating to your attention.
10. Qatar
Is a major global exporter of oil and natural gas. This monarchical state provides citizens with a stable high quality of life... The country's government is pursuing a policy aimed at attracting foreign investment and diversifying the economy.
9. Germany
Is one of four European countries in the top ten of the ranking. The preservation of export-oriented production and high financial discipline allowed Germany to move up one line - in 2011 it occupied 10th place in the IMD rating.
8. Norway
Improved its position in the ranking by 5 positions over the year. A wealth of natural resources, combined with a socially oriented political system, allows this Scandinavian country to improve its performance even in the face of global financial instability.
7. Taiwan
- a major Asian exporter of manufactured goods supplies fabrics, electronics, metal products, plastics and non-electrical equipment to the world markets. Despite the fact that Taiwan has lost one line in the ranking compared to last year, experts praise the stability of this self-proclaimed state.
6. Canada
- consistently ranks high among the most competitive countries in the world. A high standard of living of the population, a developed export-oriented and open economy, a stable political situation form a positive picture in the eyes of IMD experts.
5. Sweden
- with a population of 9 million people, it has the headquarters of 50 global companies, including Saab, Scania, Volvo, ABB, Oriflame, TELE2, Electrolux, IKEA. This country spends about 5% of GDP on subsidizing education. The high stability of the economy and the political situation guarantees Sweden a high level of competitiveness.
4. Singapore
- maintains a favorable investment climate over the past several decades. The city-state is characterized by a high level of well-being of the population. Singapore is trying to keep the tax burden low, paying great attention to the development of information technology, electronics and biotechnology.
3. Switzerland
- improved its position in the ranking by 2 lines in comparison with 2011. Its position is currently assessed by experts as the best among European countries. Switzerland is a world leader in terms of security, welfare of the population, and the level of development of business culture.
2. USA
- this year they have slightly reduced their positions.Nevertheless, the influence of the United States on the world economy is so high that European states are not yet able to compete with them, despite all efforts to integrate.
1. Hong Kong appears in the rating letters for the second year in a row
Experts especially note the high level of such indicators of Hong Kong as the efficiency of the country's government and the system of business organization.