News Summary: US competitive ranking down again

Last Updated: Wed, Sep 05, 2012 20:48 hrs

: An annual survey from the World Economic Forum has found the United States' ability to compete on the global stage has fallen for the fourth year running.

TRAILING DUTCH: 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. 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.

POLITICAL MAILAISE: The report found that "a perceived lack of government efficiency" continues to raise concern among U.S. business leaders.

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