Source: Tehran Times
Iran extended its growth in competitiveness by
rising 7 places in the World Economic Forum's rankings. According to the
Global Competitiveness Report 2011-2012, Iran rose 7 places in comparison to
the last year report, reaching to the 62nd place among 142 countries.
Iran's rank in the report of the last year was 69 among 139
According to the report, Iran's competitiveness score rose from 4.1 in the last
year to 4.3 in the current year.
World Economic Forum ranks countries Competitiveness score between 1 (the worst)
and 7 (the best) point.
The report -- published each year by the organizers of the annual conference of
business leaders, politicians and entertainers in Davos, Switzerland -- is based
on measures of competitiveness and an opinion poll of more than 14,000 business
According to the report, the U.S. extended its slide in competitiveness for a
third year by slipping to fifth in the World Economic Forum's rankings, which
The U.S. fell one place, two years after losing the No. 1 position for the first
time since the Geneva-based organization began its current index in 2004.
Concern about public debt and deteriorating confidence in policy makers hurt the
efficiency of the world's largest economy even as faith in its financial
industry rebounded, the forum said in its study of 142 nations.
Switzerland tops the overall rankings in The Global Competitiveness Report
2011-2012. Singapore overtakes Sweden for second position. Northern and Western
European countries dominate the top 10 with Sweden (3rd), Finland (4th), Germany
(6th), the Netherlands (7th), Denmark (8th) and the United Kingdom (10th). Japan
remains the second-ranked Asian economy at 9th place, despite falling three
places since last year.
Germany maintains a strong position within the Eurozone, although it goes down
one position to sixth place, while the Netherlands (7th) improves by one
position in the rankings, France drops three places to 18th, and Greece
continues its downward trend to 90th. Competitiveness-enhancing reforms will
play a key role in revitalizing growth in the region and tackling its key
challenges, fiscal consolidation and persistent unemployment.
The results show that while competitiveness in advanced economies has stagnated
over the past seven years, in many emerging markets it has improved, placing
their growth on a more stable footing and mirroring the shift in economic
activity from advanced to emerging economies.
The People's Republic of China (26th) continues to lead the way among large
developing economies, improving by one more place and solidifying its position
among the top 30. Among the four other BRICS economies, South Africa (50th) and
Brazil (53rd) move upwards while India (56th) and Russia (66th) experience small
declines. Several Asian economies perform strongly, with Japan (9th) and Hong
Kong SAR (11th) also in the top 20.
The report also suggested emerging markets are catching up with their richer
counterparts. China climbed one level to 26th and Brazil rose to 53rd from 58th
while India fell five slots to 56th and Russia dropped to 66th from 63rd.
"You're seeing a convergence by the emerging economies in terms of
competitiveness," Blanke said.
The U.S. ranked 89th for macroeconomic stability amid a record budget deficit,
while running 50th for trust in its politicians, the forum said. The survey
suggested its government wastes resources and regulation has become more
burdensome. A gauge of financial-market development indicated improvement, with
the U.S. rising to 22nd from 31st last year. It was ninth in 2008.
Switzerland, which is struggling to cope with a surging currency, was also
hailed for its efficient labor market and transparent government. Its
infrastructure and financial markets are also sound, the WEF said.
Portugal, Italy rise
Among the other Group of Seven economies, France slipped three places to 18th in
terms of competitiveness and Italy rose to 43rd from 48th. Of the European
nations requiring bailouts, Ireland held 29th position, Portugal advanced one
slot to 45th and Greece dropped to 90th from 83rd.
In Latin America, Chile was the highest-ranked country at 31st and South Africa,
50th, was the best performer in its region. In the Middle East, Qatar was the
strongest nation, at 14th. Chad was again ranked bottom of all the countries
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