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Chart of the Day: Nations and Competitiveness

By JLP | September 14, 2012

I saw this in a recent issue of Economist. You can click on the graphic to go to the article. Anyway, the good ol’ USA ranks 7th, which is horrible.

The rankings are based on criteria such as institutions, infrastructure, financial systems, flexible labour markets, economic stability, innovations and public services. Plotting the scores against GDP per person reveals an unsurprising correlation: competitiveness brings wealth, but rich countries can most easily afford to provide the conditions for it.

Wealth of Nations: Competitiveness

Topics: Chart of the Day, Economics | 3 Comments »

3 Responses to “Chart of the Day: Nations and Competitiveness”

  1. Jack Says:
    September 14th, 2012 at 3:02 pm

    Yeah — #42 in Property Rights. Right behind Uruguay.

  2. Mark Says:
    September 18th, 2012 at 10:41 am

    More important than ranking 7th is this statement: “The most striking fall is the United States, which has dropped in the rankings for four years in a row. It is now seventh.”

    I wonder if this is a short-term fall or part of a long-term trend of decline.

  3. Jack Says:
    September 18th, 2012 at 12:16 pm

    Well, Mark, I guess well know that on November 7th.