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UK is 7th most competitive economy in the world!

StevieJ
StevieJ Posts: 20,174 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
Not sure if this has been posted before, apologies if it has, but surely good news. We must have been doing something right, especially with all that EU bureacracy holding us back, just like Germany, Sweden and Holland who are above us in the rankings
.
First the good news. The ranking has gone up because of even more ‘efficient goods and labour markets’, ‘sophisticated business processes’, a ‘high level of digital readiness’ and apparently a ‘partial recovery in the macroeconomic environment’. I am not sure if that wholly reminds me of the UK economy I know and see…but I guess the WEF are the experts.
The three most competitive countries in the world as per this week’s WEF data are Switzerland, Singapore and the United States much to the glee I am sure of the average Brexiteer as you would struggle to name three more dynamic, flexible and global advanced economy countries in the world. The route is clear: rip up regulation, liberate business and don’t be afraid to be inherently global.
And yet…sitting just behind these three countries are Germany, the Netherlands and Sweden, three inherently capitalist with a social edge countries where redistribution is important, taxes can be high and the untethered market is discouraged. You can imagine disappointed Remain voters from late June pointing to these countries and bemoaning the future direction of the UK economy
https://uk.finance.yahoo.com/news/here-s-how-the-uk-stays-competitive---and-keeps-you-wealthy-151617445.html
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Not sure if this has been posted before, apologies if it has, but surely good news. We must have been doing something right, especially with all that EU bureacracy holding us back, just like Germany, Sweden and Holland who are above us in the rankings
    .
    https://uk.finance.yahoo.com/news/here-s-how-the-uk-stays-competitive---and-keeps-you-wealthy-151617445.html

    before the EU came into being, which countries were most competitive states ?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    before the EU came into being, which countries were most competitive states ?

    I don't think that is really relevant as Europe was still recovering from WW2. What I can say that we were not up there before we joined the EU.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    I don't think that is really relevant as Europe was still revovering from WW2.

    what you mean is that the answer wouldn't show the EU in a 'good' light and so you reject the data.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    what you mean is that the answer wouldn't show the EU in a 'good' light and so you reject the data.

    You mean the EEC? a bunch of war torn countries who formed an economic union that was very successful?
    Britain and other European nations initially declined to join the Common Market and established the weaker European Free Trade Association (EFTA) in 1960 as an alternative. By the early 1960s, however, the Common Market nations showed signs of significant economic growth, and Britain changed its mind. Because of its close ties to the United States, however, French President Charles de Gaulle twice vetoed British admission, and Britain did not join the EC until January 1973.
    http://www.history.com/this-day-in-history/common-market-founded
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    You mean the EEC? a bunch of war torn countries who formed an economic union that was very successful?


    http://www.history.com/this-day-in-history/common-market-founded



    and what were the most productive countries in the world in the 1960?
  • LHW99
    LHW99 Posts: 4,885 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    You mean the EEC? a bunch of war torn countries who formed an economic union that was very successful?

    And who then changed the EEC into the EU and started the single currency which has bankrupted Greece, and all but bankrupted Spain, Portugal, Italy, Ireland, Cyprus, France....
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    You mean the EEC? a bunch of war torn countries who formed an economic union that was very successful?


    Take any German household name today and look at their involvement in Germany's war effort. Then look at the UK's. Obvious who has the long sited view.............
  • Bogdan_Cariman
    Bogdan_Cariman Posts: 5 Forumite
    who then changed the EEC into the EU and started the single currency which has bankrupted Greece
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bogdan_Cariman wrote: »
    who then changed the EEC into the EU and started the single currency which has bankrupted Greece

    Upset the Cypriots too. Along with the very Christian eastern european countries.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    and what were the most productive countries in the world in the 1960?

    I guess you want me to say the old white British empire?:) and the Swiss.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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