Northern Europe may be dull, but it’s economically competitive – survey

Northern Europe may not fire the imagination, but five countries in that region are in the top 10 worldwide measured by economic competitiveness, according to the World Economic Forum (WEF). They are Finland, Sweden, the Netherlands, Germany and the UK.

Southern European countries, struggling to cope in the eurozone, languish far back (Spain 36th), but are stabilising their positions due to austerity measures, says the WEF’s latest survey.

In Asia, Singapore, Hong Kong, Japan and Taiwan are the top 20. China may be a powerhouse but competitively it is back in 29th place.

Top of the class, for the 4th consecutive year is Switzerland. This is what the WEF likes there:

– flexible labour market
– R & D
– protection of intellectual property
– education and training
– transparent public institutions
– rule of law
– economic stability

Credit Suisse has just forecast that after growth of 0.5% this year, Switzerland’s economy will grow strongly again next year.

The moral? Perhaps it’s that you get on well if you are solid and hard-working, but not necessarily hugely inspiring.

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