“Sweden remained the most competitive economy in the European Union, followed by Finland and Denmark, according to the World Economic Forum study.
Those three Nordic nations ranked above the Netherlands, Luxembourg and Germany in the analysis, which is based on indicators such as economic and productivity growth, research and development spending, and unemployment.
The Nordic countries ‘are the strongest European performers in the area of innovation, attributable to their companies’ aggressiveness in adopting new technologies and their level of spending on R&D,’ according to the study. It also cited ‘the high degree of collaboration between universities and the private-sector in research’ in these nations...”
For more: Finland second most competitive EU economy
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