Switzerland’s global competitiveness is a major plus

Article Excerpt

Switzerland is one of the most competitive countries in the world according to the most recent annual survey published by the IMD World Competitiveness Center. The ranking system considers 336 different data points. Those data points are grouped into four broad overall categories: economic performance, government efficiency, business efficiency, and infrastructure. The overall objective of the ratings is to establish a country’s ability to maintain a competitive environment when measured against other countries. Over the past five years, Switzerland’s rankings varied between the top ranking in 2021 and fourth place in 2019. In the most recent survey, Denmark was ranked in the top position followed by Ireland. Canada was ranked in the 15th position, while the U.S. ranked 9th in the latest survey. Switzerland ranks highly on government infrastructure, including aspects such as public finance, tax policy, and the institutional framework. It also scores very well in the infrastructure category, where it ranks first on the quality of university and management education, and healthcare. The country…