The United States is the most globally competitive nation in the world for the first time since the 2008-2009 global financial crisis, according to a new report.
Singapore, Germany, Switzerland, and Japan rounded out the top five.
The latest Global Competitiveness Report, conducted by the World Economic Forum, uses a new methodology that aims to better account for the effects of the so-called Fourth Industrial Revolution. WEF, as it’s known, credits three things for U.S. supremacy among 140 economies: market size, innovation ecosystem (including idea generation, entrepreneurial culture, openness, and agility), and stability.
