The Canadian Press - ONLINE EDITION

Canada stays at No. 7 in competitiveness survey; U.S. retains top spot

  • Print

LAUSANNE, Switzerland - Canada is the seventh most competitive country in a survey of 60 nations by a Swiss business school Thursday.

That is unchanged from last year in the IMD World Competitiveness Yearbook.

The school, IMD International based in Lausanne, Switzerland, says the United States retained the No. 1 spot in 2014, reflecting the resilience of its economy.

Switzerland, Singapore, Hong Kong, Sweden and Germany are also ahead of Canada. The UAE, Denmark and Norway are also in the top 10.

While Europe fares better than last year because of its gradual economic recovery, the survey shows most big emerging markets have dropped in the rankings as economic growth and foreign investment slow.

The report says Japan is three notches up because a weaker currency has helped improve its competitiveness abroad.

"The overall competitiveness story for 2014 is one of continued success in the U.S., partial recovery in Europe, and struggles for some large emerging markets," said Prof. Arturo Bris, director of the IMD World Competitiveness Center.

The report says seven of the top 10 countries in the overall ranking for 2014 are also in the top 10 for having an image abroad that encourages business development.

"In general, there is a strong correlation between a country's overall competitiveness ranking and its international image as a place to do business."

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

O'Shea says the team is going to stick to the plan after first loss

View more like this

Photo Store Gallery

  • A Canada goose makes takes flight on Wilkes Ave Friday afternoon- See Bryksa’s 30 Day goose a day challenge- Day 09- May 11, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • Susan and Gary Harrisonwalk their dog Emma on a peaceful foggy morning in Assiniboine Park – Standup photo– November 27, 2011   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Will you miss Grandma Elm?

View Results

View Related Story

Ads by Google