Switzerland regains crown as world's most competitive nation

Switzerland has been ranked as the most competitive country in the world, having lost the title to Nordic and Asian rivals in recent years. +Get the most important news from Switzerland in your inbox According to an annual study by the Lausanne-based IMD business school, Switzerland has pushed Singapore and Hong Kong into second and third place in the latest World Competitiveness Ranking. Although the Alpine state ranks only 6th and 13th respectively in terms of corporate competitiveness and macroeconomic competitiveness, it takes first place in infrastructure and political environment, IMD said. + How competitive are competitive rankings? The ranking annually compares the economic performance and institutional strength of 67 economies. Switzerland took second place last year. According to IMD, the key factors for Switzerland's top ranking this year were stable political structures, efficient governance, and a first-class infrastructure. These factors are increasingly crucial in a ...