The International Institute for Management Development (IMD), a Switzerland-based private business school, has published the IMD World Competitiveness Ranking 2016. The World Competitiveness Center research group has ranked nations on their competitiveness on the global business stage since 1989.
The results show how the United States fell two positions on the annual ranking, supplanted by Hong Kong and Switzerland. Other high points on IMD’s 2016 ranking include the successes of a handful of eastern European nations like Latvia (37), the Slovak Republic (46), Slovenia (49) and Hungary (48).
You can check the IMD World Competitiveness Ranking 2016 here.