04.06.2014 - Latin America losing its competitive edge as demand for commodities slows down
According to the report the United States owes its top position to its resilient economy, better employment numbers, and dominance in technology and infrastructure. It is followed in the competitiveness ranking by three small economies - Switzerland, Singapore, and Hong Kong - all of which prosper from exports, business efficiency and innovation. The report finds Europe is doing better than last year, thanks to its gradual economic recovery, but most of the big emerging markets are sliding in the rankings. It says the so-called BRIC countries - Brazil, Russia, India and China - are losing out in the competitiveness race as economic growth and foreign investment slow and infrastructure remains inadequate...............................................Full Article: Source
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