The Netherlands climbs to No. 7 in global competitiveness rankings

The Netherlands climbs to No. 7 in global competitiveness rankings

The Netherlands has moved up the rankings on the global competitiveness league, according to the World Economic Forum (WEA). The Netherlands is ranked in 7th position in the 2011 table, up from 8th last year.

“The indicators show clearly that the Netherlands is gradually moving towards a high-quality knowledge economy”, says prof. Henk Volberda, scientific director of institute Inscope, which the Dutch data collected for the WEF.

The strong competitiveness of the Dutch economy is according to Volberda a reflection of the real economy and gives much faith in future increase. The increase of the eighth to seventh place in times of great uncertainty can be considered as an ‘exceptional achievement’.

Switzerland tops the overall rankings in The WEF Global Competitiveness Report 2011-2012. Singapore overtakes Sweden for second position. Northern and Western European countries dominate the top 10 with Sweden (3rd), Finland (4th), Germany (6th), the Netherlands (7th), Denmark (8th) and the United Kingdom (10th). Japan remains the second-ranked Asian economy at 9th place, despite falling three places since last year.

The United States continues its decline for the third year in a row, falling one more place to fifth position.

Competitiveness-enhancing reforms will play a key role in revitalizing growth in the region and tackling its key challenges, fiscal consolidation and persistent unemployment.

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