Netherlands Ranks 4th Most Competitive Nation In World Economic Forum Report

The Netherlands is ranked 4th on the 2017-2018 World Economic Forum‘s list of the 138 most competitive countries, behind Switzerland, the United States and Singapore.

Global economy

Strong policies

At a time when global leaders have to think long and hard about their political and economic policies in order to stay ahead, the Netherlands has managed stay at the forefront of the competition. Part of the success of the Netherlands was due to its government’s strong policies says Erasmus university professor Henk Volberda, who collected the data for the report. In particular, the Netherlands is singled out for its excellent infrastructure, a well-functioning government and institutions and relatively high-quality health care.

All-round leader

In addition, regional hotspots -- Eindhoven, Twente and Amsterdam -- are developing world-class innovative ecosytems, Volberda said. The Netherlands is ranked number five on another leading list of competitiveness published by Swiss business school IMD. Hong Kong was rated number one of the IMD list published in May, followed by Switzerland, Singapore and the United States.

Nearly 10 years after the economic down trun, the world ecomomy is in much better condition. The slow yet steady growth seen over the last few years is set to continue, with a predicted 3.5% in growth for 2017.