Canada Holds Relative to Last Year's WEF RankingThe World Economic Forum’s (WEF) 2013-14 annual rankings, released in September of this year, ranked the U.S. fifth in terms of overall competitiveness.

Canada trailed behind in fourteenth place overall based on infrastructure, transparency in institutions, and higher education – which were ranked 12th, 14th, and 16th respectively.

A Canadian Wealth Advisors Network (CWAN) article based on the previous year’s WEF report revealed similar results this year.

Canada ranked much better in health and primary education categories, coming in 7th globally.

The majority of countries in the top ten were European, with Switzerland topping the rankings in the last five years.

The Forum said Switzerland’s focus on innovation and efficiency in the labor market, as well as its world-class research institutes, helped contribute towards the country’s overall success.

Southern European countries like Portugal and Greece, however, continue to be plagued by economic and financial problems.

By CWAN Global Press

The Canadian Wealth Advisors Network (CWAN) was established in March of 2009 as an online forum where investment professionals share ideas and best practices that allow them to meet the growing needs of their clients. As the CWAN community grew and evolved, it was expanded to serve both advisors and investors. Garnet O. Powell, MBA, CFA is the Editor-in-Chief of the Canadian Wealth Advisors Network (CWAN) magazine. He is an investment management professional with more than 20 years of experience. linkedin.com/in/garnetpowell

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