“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.
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At the stroke of 4am on Monday, the street lights went out in Basel's city center for the carnival kick-off, known as Morgenstreich.
Swisscom records over 200 million cyberattacks per month
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Swiss state-owned telecommunications provider Swisscom has to defend against 200 million cyberattacks on its own infrastructure every month.
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International Women's Rights Day saw some 4,800 demonstrators march in the Swiss cities of Lausanne and Geneva on Saturday.
Diversity and equality ‘under threat’: ex-Swiss minister
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Dismantling diversity programmes is a backwards step for equality, warns former Swiss government minister Simonetta Sommaruga.
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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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