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The euro-zone crisis is in fact largely due to persistent current-account imbalances between member economies caused by differences in competitiveness, and the unwillingness of the more competitive countries to subsidise the less competitive countries, as would happen between states in America.
Their small country (5m people) is at or near the top of most league tables: first in the World Economic Forum's list of most competitive countries, and second in its business-competitiveness index; first in the OECD's world ranking of educational performance; second-highest share of R&D spending in the European Union.
Even Europe's most competitive countries are slipping.
Cash flowed to the most competitive countries; those unable to swim in the new sea found life rafts unavailable.
And that imbalance makes it harder for less competitive countries to grow their way out of their problems.
The report warned that many highly competitive countries, including the US and Canada, were upping their relief to compete.
Similar(21)
Paraguay has to be a competitive country.
By some measures Finland is the world's most competitive country, with Denmark, Ireland and Sweden close behind.
In order to create a competitive country with a very interesting economic policy, one should have a good political system and transparent elections.
But they all form one glorious building site that should restore Germany to its rightful place as the most productive, most competitive country in Europe.
In an intensely competitive country that has long put a premium on impressive degrees, suspicions that academic records had been falsified have circulated for years.
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CEO of Professional Science Editing for Scientists @ prosciediting.com