The World Economic Forum’s Global Competitiveness Report 2009-2010 puts Switzerland at the top of its rankings, pushing the US down to second place thanks to the global crisis that has weakened financial markets and undermined macroeconomic stability in the world’s biggest economy.
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India has done better, along with Brazil and China, but the report reveals familiar weaknesses. On sophisticated parameters, such as innovation nad finance, the country has done well but suffers when it comes to basic essentials such as health, education and infrastructure. Singapore, Sweden and Denmark make up the rest of the top five, while European economies continue to prevail in the top 10.
Graphic by Sandeep Bhatnagar/Mint