To: GST who wrote (133088 ) 10/19/2001 2:20:50 AM From: H James Morris Read Replies (1) | Respond to of 164684 >GENEVA — Finland roared from sixth place last year to become the world's most-competitive nation, knocking the United States out of the top spot, according to a survey released today. The top 10 Rankings of national economic-growth prospects in the Global Competitiveness Report 2001, published by the World Economic Forum of Geneva and Harvard University Professors Jeffrey Sachs and Michael Porter. (Last year's rating in parentheses.) 1. Finland (6) 2. United States (1) 3. Canada (7) 4. Singapore (2) 5. Australia (12) 6. Norway (16) 7. Taiwan (11) 8. Netherlands (4) 9. Sweden (13) 10. New Zealand (20) — The Associated Press "This country's remarkable turnaround over the past decade serves as evidence of how quickly an economy's prospects can be transformed by strong political institutions, a focus on technology, and sound macroeconomic management," said the Global Competitiveness Report 2001. The 352-page report, prepared by Harvard University Professors Jeffrey Sachs and Michael Porter and the World Economic Forum of Geneva, is designed to forecast high rates of economic growth. The report combines existing economic data of about 75 countries with the results of a survey of 4,600 business executives. The executives provide opinions about economic factors for which there is no reliable data — efficiency of government institutions, the strength of local supplier networks and the nature of competitive practices. Singapore, which topped the list for four years before falling to second last year, was ranked fourth, below Canada which moved up from sixth. Australia jumped seven places to fifth. Other new entries to the top 10 were Norway, Taiwan, Sweden and New Zealand. Hong Kong, which held second place for two years until 1999, fell out of the top 10 to 13th place. The survey added 17 new countries this year, including the Baltic states, Nigeria, Bangladesh, Jamaica and Uruguay. Bottom of the list was Zimbabwe, just below, in order, Paraguay, Nicaragua and Nigeria. The survey was mostly completed before the Sept. 11 terrorist attacks, but Peter Cornelius, director of the Forum's Global Competitiveness Program, said they would not have a big impact because the survey is studying the long-term outlook.