“Robust international trade fuels its strong economic performance, whilst its scientific infrastructure and health and education systems show steadfast displays,” an IMD report said on Tuesday.
Of the 63 countries assessed, Venezuela fared the worst, ahead of Argentina and Mongolia in 62nd and 61st places, respectively.
In their report, IMD researchers highlighted the strength of smaller economies.
“The benefit of small economies in the current crisis comes from their ability to fight a pandemic and from their economic competitiveness. In part these may be fed by the fact it is easy to find social consensus,” stated Arturo Bris, director of the IMD World Competitiveness Center.
This year’s results are a combination of hard data on economic performance taken from 2019 and survey responses of mid- and upper-level managers from early 2020. For the first time, this edition includes additional criteria to take into account a country’s progress towards achieving the United Nations Sustainable Development GoalsExternal link.
Switzerland abstains from vote on Palestinian bid for full UN membership
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On Friday, Switzerland abstained from the vote at the General Assembly on granting the Palestinians new rights at the United Nations (UN).
Protein in abdominal fat could help shape obesity treatment
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The study analysed fat cells from different locations in the body, and found that those in the abdomen have unique properties.
North African asylum claims fall after rapid Swiss processing
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The accelerated procedure, now out of its test phase, has resulted in a significant drop in applications from North African countries.
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The artist's song "The Code" focuses on their journey as a nonbinary individual. It is one of the favourites to win this year's contest.
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Are Switzerland’s politics behind its high competitiveness?
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Switzerland maintains enviable economic conditions and consistently tops global competitiveness rankings. Is this down to its system of government?
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The World Intellectual Property Organization has again named Switzerland the most innovative country. Where is there room for improvement?
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