USA: We Are Number 5!

September 8th, 2011
in econ_news

uncle-sam-grumpy Econintersect: Switzerland continued as the top ranked country for business competitiveness for the third year in a row, according to the Latest Ranking from the World Economic Forum. Singapore rose to second place as Sweden fell to third. Finland, seventh last year, moved up to fourth, displacing the U.S. which fell to fifth. In 2008 the U.S. was ranked #1. The rankings are based on economic data combined with a survey of 15,000 business executives.

Follow up:

From the Associated Press report by John Heilprin:

The forum praised the U.S. for its productivity, highly sophisticated and innovative companies, excellent universities and flexible labor market. But it also cited "a number of escalating weaknesses" such as rising government debt and declining public faith in political leaders and corporate ethics.

A total of 142 nations were included in the survey.

Switzerland’s strengths, according to the World Economic Forum, are innovation, technological readiness, even-handed regulation, and one of the world’s most stable economic environments.

Taxes were not specifically discussed in the MSNBC/AP story, so GEI News has gotten some tax data.


Corporate Taxes

This table was obtained from the



The following two graphs from Wikipedia show investment and corporate tax history.




Personal Income Taxes

The following graphic (which also contains corporate tax rates) was obtained from Wikipedia.

The arrows were added by GEI News. Singapore was not in the graphic.


Click here for larger image.


Editorial Comment

If taxes are a dominant business driver, as some maintain, the message appears to be: The U.S. should raise personal income tax rates and lower corporate and investment rates. Of course, the rates are not the real story because the loop holes in tax codes make actual taxes paid much different than the rates would indicate, particularly for corporations.

Sources: MSNBC (via AP), Tax and Wikipedia

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved