Swedish competitiveness diving – worrying?

Wednesday, 04 September 2013
Sweden has been left behind in the latest competitiveness classification, which we published earlier this morning, and being a country, which always fights to be on top, the press is not taking nicely.

The organization, World Economic Forum ranks countries by  as how their economies stake out in terms of performance over other using several indications. Sweden was ranks sixth among the 148 countries. A few years ago, Sweden was second, and this thus means that Sweden has fallen in its competitions.

Persistently on top is Switzerland, same as last year followed by Singapore and Finland. U.S. and Germany have overtaken Sweden since last year.

Factors such as technological development, research, infrastructure, education, and labour are included in the assessment. Sweden is described as one of the most productive and competitive economies in the world. So its shift in position has been attributed mainly to a weaker macroeconomic environment and to some extent it very selective labour market.

Public institutions are effective and reliable in Sweden, according to the World Economic Forum. Private institutions also received high scores but the  labour market, however, could be more flexible, according to the assessment.
Scancomark.com Team