Competition and bureaucracy.

Fonction News

The recently published 2004-2005 Global Competitiveness Report by the Geneva-based World Economic Forum (WEF) saw Switzerland drop one place to eighth--after slipping from sixth in the previous year.

The Growth Competitiveness Index rankings were headed for the second year in a row by Finland, followed by the United States.

The report states that Switzerland has scored highly in terms of its national credit rating, political stability, low inflation, low corruption levels and lack of crime, but that the principle obstacle hindering Swiss...

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