US regains title of world’s most competitive economy

October 19, 2018 – The Epoch Times is reporting today that the World Economic Forum’s (WEF) annual global survey proclaimed that the United States is back as the “most competitive economy” in the world, reclaiming the No. 1 spot for the first time since 2008.

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The US is at the pinnacle of global success, according to the WEF survey, which ranks countries according to 12 drivers of competitiveness. America tops the list of 140 countries in business dynamism, labor markets, and the financial system. In addition, it has near-perfect scores on innovation and market size.

All these factors contribute to the country’s vibrant innovation ecosystem, making it a “super innovator,” says the WEF report.

However, there is a real challenge in maintaining that position as the US keeps losing its capability for innovation in addition to its factories, experts warn, as more companies continue to offshore their research and development, according to the WEF report.

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