A pat on the back for U.S. economy by ProQuest


Global market turmoil continues this winter, but many of the same countries, Including the U.S., remain atop the World Economic Forum (WEF) ranking of global competitiveness.

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									                                                                                 News from the Field | automation update

A pat on the back for U.S. economy

         lobal market turmoil continues           portant,” said Jennifer Blanke, a senior             pan are the only Asian countries included
         this winter, but many of the same        economist at the WEF who oversees the                at the top of the list, though Hong Kong
         countries, including the U.S., re-       study told Business Week. “Those coun-               comes close at No. 11.
main atop the World Economic Forum                tries that have strengths in the other areas            The results show a range of nonmar-
(WEF) ranking of global competitiveness.          will bounce back quickly.”                           ket attributes such as education, regula-
   The annual study assigns a score to a              Of the record 134 countries surveyed             tion, and infrastructure still account for
broad range of criteria affecting econo-          this year, the majority at the top of the            the advantages some nations enjoy over
mies’ business climates. It then categorizes      list remain European, while the U.S. con-            others.
them into 12 “pillars,” including the size        tinues to hold on to the No. 1 spot and
and efficiency of markets, innovation, in-         Canada squeezes into the top 10.                     Nicholas Sheble (nsheble@isa.org) writes
frastructure, business sophistication, and            As in previous years, Singapore and Ja-          and edits Automation Update.
the quality of health and education.
   “The stability of the financial markets
is one of them, but it’s not the most im-
                        2008 WEF Global
    Country          Competitiveness Index Rank         GE
   United States                    1                   Sensing & Inspection Technologies
   Switzerland                      2

   Denmark                          3
   Sweden                           4
   Singapore                        5
   Finland                          6

   Germany                          7
   Netherlands                      8
   Japan                            9
   Canada                          10
   Hong Kong                       11
   United Kingdom                  12
   Korea (South)                   13
   Austria                         14
   Norway                          15
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