Being a relatively small country that's able to come to some consensus on emergency measures has proven very helpful
The Canadian and U.S. flags fly over the twin spans of the Blue Water Bridge between Sarnia, Ont., and Port Huron, Mich., in this undated photo. Canada has beaten the U.S. for the first time on a ranking of most competitive economies.
Canada rose to 8th place from 13th last year in Swiss-based business school IMD’s annual ranking. The U.S. fell to 10th place, from 3rd place last year. The ranking largely reflects data from 2019, though the survey of business leaders’ opinions used as part of it was carried out in early 2020. “This marks a new world in which de-globalization the importance of national government has increased,” he told“As a result, the global powers that have been competing for some time ... now they lose ground in favour of small economies and national governments.”The U.S. has dropped to its lowest level in a ranking of world's most competitive economies, with Canada ranking higher than the U.S. for the first time.
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