Tuesday, 3rd July 2007 | by Ray Martin
The results of the 2007 edition of IMD’s World Competive Yearbook highlight a big shake-up in economic and business power. Emerging nations are quickly catching up in competitiveness. New companies and new brands are appearing all over the world. They now contest the long standing competitive supremacy of industrialised nations. “This could lead to an increase in protectionist measures in Europe and the US” says Professor Stephane Garelli, Director of IMD’s World Competitiveness Centre
Of the 55 economies ranked by IMD, the USA still ranks No1 in 2007, closely followed by Singapore and Hong Kong.