In the WEF latest Global Competitiveness report, Switzerland obtained its highest score of 5.8 out of 7. The country attained the highest marks in 4 of the 11 criteria:
- labour market efficiency
- business sophistication
- innovation and
- technological readiness.
It is stated in the report that “Switzerland arguably possesses one of the world’s most fertile innovation ecosystems,” and that Swiss companies have “an unmatched capacity to attract the best talent and large multinationals”.
However, Switzerland has weaknesses as well: deepening deflation, low levels of women participating in the workforce and the amount of red tape holding back the creation of new companies. In addition, Thierry Geiger, one of the report’s authors, claims that “If Switzerland adopts strict immigration quotas then this could be very bad for its competitiveness”.
There are definitely things to revise, but for the moment, Switzerland continues to attract high scores in economic competitiveness. It should be mentioned that earlier this year, the country climbed two places to 2nd in the IMD business school’s annual survey.
Source:
http://www.swissinfo.ch/eng/business/wef-report_switzerland-is-the-world-s-most-competitive-economy-/42478248
