U.S. moves up to fifth place in global ranking for best economies

09/11/2013 | 24/7 Wall St.

The United States is on the upswing in the World Economic Forum's competitiveness ranking, moving up to fifth in 2013 from seventh last year. The survey covers 148 nations to measure competitiveness, defined as the "institutions, policies, and factors that determine the level of productivity of a country" based on more than 100 economic indicators. The top five nations are Switzerland, Singapore, Finland, Germany and the U.S.

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