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US's ranking on global competitiveness falls

The United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey from the World Economic Forum found Wednesday.

Published: Sept. 6, 2012 at 12:05 a.m. PDT
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The United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey from the World Economic Forum found Wednesday.

Even though the world’s largest economy saw its overall competitiveness rise on the back of its status as a global innovation powerhouse, the Forum says the U.S.’s ranking has dropped two places to seventh this year. The Netherlands and Germany have moved ahead of the U.S. on the top 10 leaderboard.

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