May 2010

World Competitiveness Yearbook: Switzerland best in Europe

Switzerland is Europe’s most competitive country. According to the IMD 2010 World Competitiveness Yearbook (WCY), it maintains its 4th rank, following Singapore, Hong Kong and the USA.

According to the report, Switzerland succeeded in preserving its economic, social and political fundamentals despite the economic crisis. The country proves to be resilient in terms of economic performance and offers good quality infrastructure in comparison to other countries. In addition, it preserves competitive advantages in the labor market, fiscal policy, education and innovation capacity. A high rate of employment, an unemployment rate of 4.4% (9.6% in the EU) as well as weak inflation reinforce the attractiveness of the country.

The report further highlights Switzerland’s efficiency of the government, measured in particular by public finance, the fiscal policy, the institutional framework and the legislation. Competitiveness and business climate of Switzerland remain intact, in particular regarding the efficiency of large corporations, small and medium-sized enterprises, international experience and availability of competent senior managers.

About IMD and WCY
Based in Lausanne, Switzerland, the International Institute for Management Development (IMD) is a top-ranked business schools. The IMD World Competitiveness Yearbook (WCY) is reputed as being the worldwide reference point on the competitiveness of nations, ranking and analyzing how an economy manages the totality of its resources and competencies to increase the prosperity of its population.


www.imd.ch

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