The United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey from the World Economic Forum found Wednesday.
Even though the world’s largest economy saw its overall competitiveness rise on the back of its status as a global innovation powerhouse, the Forum says the U.S.’s ranking has dropped two places to seventh this year. The Netherlands and Germany have moved ahead of the U.S. on the top 10 leaderboard.
The report found that some aspects of the U.S.’s political environment continue to raise concern among business leaders, “particularly the low public trust in politicians and a perceived lack of government efficiency.”
The Forum — which also hosts an annual gathering of global business and political leaders in the Swiss ski resort of Davos every January — ranks a country’s competitiveness according to factors such as the state of its infrastructure and its ability to foster innovation.
The Blaze
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