No worries! For now....

The Global Competitiveness Index has been released again a couple of days ago. It is compiled by the World Economic Forum and assesses 117 national economies. In this years report the top rankings are occupied by the East Asian tigers, the US and the Nordic countries (could this be because of the ‘aquavit model’?).

What rather surprised me was that China and India are ‘only’ on number 49 and 50. All politicians continuously point out that we need to restructure our economies because the Chinese and Indian economies are going to overtake us (I guess ‘us’ in this case means western countries). The WEF says that a more competitive economy (according to their methodology) is one that is likely to grow faster over the medium to long term. So…no worries for the medium to long term?

Country Rankings 2005-2006
1. Finland
2. USA
3. Sweden
4. Denmark
5. Taiwan
6. Singapore
7. Iceland
8. Switzerland
9. Norway
10. Australia
11. Netherlands
12. Japan
13. United Kingdom
14. Canada
15. Germany

24. Malaysia
49. China
50. India
74. Indonesia
117. Chad