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The US has the most competitive economy in the world, according to the findings of the Global Competitiveness Report 2002-2003 released Tuesday by the World Economic Forum. Japan, China and India are also moving up in the rankings while Argentina and Turkey have experienced the largest drop.
According to the report, China's competitiveness for 2002-2003 has risen to 33rd from the 39th for 2001-2002. The top ten are as following: United States, Finland, China's Taiwan, Singapore, Sweden, Switzerland, Australia, Canada, Norway, and Denmark.
The Global Competitiveness Report 2002-2003, which examines the growth prospects of 80 countries, remains the most up-to-date and comprehensive data source available on the comparative strengths and weaknesses of leading economies of the world.
(People's Daily November 13, 2002)
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