Denmark leads on competitiveness

Once again a study designates Denmark as one of the most competitive countries within the EU.

Denmark remains in the forefront when it comes to competitiveness and production of world class goods and services.

The new study, which has been prepared by the World Economic Forum (WEF), appoints Denmark as one of the countries with the best competitiveness among the 27 EU countries, and ranks Denmark as number five. At the bottom of the list are countries such as Bulgaria, Romania, Italy, Poland and Greece.

Nordic countries score well 
In the conclusion, the WEF notes that several Nordic countries score well in the economic field.

Reasons include being in the forefront in terms of innovation and new technology. Furthermore, Sweden, Finland and Denmark are praised for investing in research and development and for having a close cooperation between universities and the private industry, turning research into an invoice faster than anywhere else. The Nordic countries are also among the places on the planet which bring home most patents for new products per capita.

Easy to hire and fire 
The great labour market flexibility, where it is easy to hire and fire employees, a low unemployment rate and high labour market participation rates, especially among women, are also praised. So is the education system and the ongoing job training, which many more employees receive in the Nordic countries compared to elsewhere.

See the full study here