Instant Alert: The 33 most competitive countries in the world

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   The 33 most competitive countries in the world by Elena Holodny on Oct 1, 2015, 9:15 AM Advertisement It is a critical time for the global economy. On the one hand, countries are seeing higher unemployment and lower growth. On the other hand, some economists believe we might be on the edge of the fourth industrial revolution, with new developments and new ways of consuming. "Whether economies get trapped in the new normal or harvest the benefits of the latest innovations for their societies will crucially depend on their levels of competitiveness," writes Richard Samas of the World Economic Forum. With that in mind, the World Economic Forum's founder, Klaus Schwab, and Columbia University professor Xavier Sala-i-Martin put together its 2015-to-2016 Global Competitiveness report, ranking the competitiveness of 140 countries. Countries were ranked according to the "12 pillars of competitiveness," such as infrastructure and innovation. We put together a list of the top 33 most competitive countries in the world, including various scores. Each number represents the country's rank in the world out of 140. 33. Spain How Spain holds up in basic requirements: Institutions: 65 Infrastructure: 10 Macroeconomic environment: 116 Health and primary education: 32 Its standout factors: Infrastructure (10) and market size (15) The most problematic factor for doing business: Access to financing Source: World Economic Forum 32. Thailand How Thailand holds up in basic requirements: Institutions: 82 Infrastructure: 44 Macroeconomic environment: 27 Health and primary education: 67 Its standout factors: Market size (18) and macroeconomic development (27) The most problematic factor for doing business: Government instability and coups Source: World Economic Forum 31. Czech Republic How Czech Republic holds up in basic requirements: Institutions: 57 Infrastructure: 41 Macroeconomic environment: 21 Health and primary education: 27 Its standout factors: Macroeconomic environment (21) and financial-market development (24) The most problematic factor for doing business: Inefficient government bureaucracy Source: World Economic Forum See the rest of the story at Business Insider   Share the latest business news with your network: Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011