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The 5 most competitive countries in the world

The U.S. has regained its standing as the world's most competitive country, according to the latest rankings from Swiss business school IMD.

.  Switzerland

competitiveness switzerland
Farmers make Gruyere cheese in the mountain pasture of 'Theraulaz d'en bas' in Switzerland.

Switzerland, ranked third last year, is prized for its policy stability and predictability.

Along with Sweden and Germany, IMD says that Switzerland is part of a group of European powerhouses that rely on diversified, export-driven economies and fiscal discipline to gain an edge.

Surveyed executives were less enthusiastic about cost competitiveness, the quality of corporate governance and the competency of government.

Source: IMD World Competitiveness Center
Methodology: The IMD World Competitiveness Yearbook uses economic data and survey results to construct a ranking of 60 world economies. Countries are evaluated in four broad categories: economic performance, government efficiency, business efficiency and infrastructure.
  @CNNMoney - Last updated May 30 2013 09:07 AM ET

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