Oz loses its edge - NZ still mediocre
New Zealand falls in the world competitive rankings, but remains in the top 30.
Australia has slipped down a world competitiveness rankings table faster than New Zealand.
The rankings - which are complied by business school IMD, based in Switzerland - measure how well countries manage their economic and human resources to increase their prosperity.
New Zealand sits at 24 this year, down from 21 in 2011.
Australia, meanwhile, loses its competitive edge, falling from 9th to 15th.
China is ranked one above New Zealand at 23, while Belgium, Iceland and Japan fall directly below us.
Hong Kong takes top spot, edging out USA, with Singapore and Sweden taking third and fourth.
The least competitive country is Venezuela, followed by Greece, Croatia and Ukraine.
Caleb Allison
Thu, 31 May 2012
Thu, 31 May 2012
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Oz loses its edge - NZ still mediocre
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