China's per capita consumption of antibiotics—often misprescribed—is ten times higher than Americans. Health authorities have launched a campaign to curb dangerous overuse.
Labor groups get a 13.5 percent stake in the new airline, but whether pilots cash in depends on pending tax decisions and other factors
His former chief economic adviser calls for a trillion-dollar-plus stimulus based on infrastructure investment
Internet gate-keeper ICANN is expanding the number of top-level domains in 2014. Businesses that settled for clunky names can start reserving better versions
Hedge funds are badly trailing the broader market, which makes their fees and restrictions less palatable to investors
A Dell executive turned entrepreneur is cleaning up by exporting Made-in-USA air purifiers to people in polluted Chinese cities
Pitting Team U.S.A. against a top-seeded tiger such as Germany could lead to carnage, but it sounds like a battle made for TV
Northwestern's Kellogg School of Management reclaims the top stop after a two-year absence
Immigrant entrepreneurs and companies with intellectual property are more likely to hire
By Mark Scott
Which country is best placed to ride out the global recession? That question is at the heart of this year's World Competitiveness Yearbook, an annual report published by IMD business school in Lausanne, Switzerland. Researchers ranked 57 of the world's leading economies based on four categories of competitiveness: economy, government efficiency, business efficiency, and infrastructure. And for the 16th consecutive year, the U.S. came out on top, despite the financial crisis and deep economic downturn there. European countries held on to half of the top 20 spots, while emerging economies such as China and Qatar continued to gain ground on their Western rivals.
To be successful on the global stage, particularly as the world struggles with its worst economic situation in decades, countries have to combine open markets and investment incentives with a flexible labor market and a well-educated workforce.
Click on to see which are the world's most competitive countries in 2009.
Note: Figures for per capita GDP and real GDP growth are for 2008.