Switzerland remains the world's most competitive economy...

Switzerland is the most economically competitive country in the world for the fourth year in a row, according to an annual World Economic Forum (WEF) report.

The Global Competitiveness Report, released on Wednesday, cites Swiss innovation and its efficient labour market as the country’s greatest strengths, followed by its sophisticated business sector.

The quality of Switzerland’s research institutions, the high level of collaboration between the academic and business sectors and its high rate of product patenting also contributed to the ranking.

Training and education play a role in Switzerland’s economic success as well, with a wealth of on-the-job training opportunities and a strong correlation between employee education and employer needs. Government and institutions are among the most transparent and effective worldwide, ensuring business confidence and supporting economic output. Full story...

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