World’s Most Competitive Countries 2016: U.S. No Longer #1

The United States was knocked out of the top spot in this year’s ranking of the world’s most competitive countries, a position it had held since 2013.

This according to the annual evaluation by the International Institute for Management Development (IMD), a Switzerland-based private business school whose World Competitiveness Center research group has ranked nations on their competitiveness on the global business stage since 1989. (For an in-depth look at the best performing nations, check out our gallery below.)

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