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Switzerland maintains top spot in global competitiveness ranking

The World Economic Forum released its Global Competitiveness Report 2012-2013 on Wednesday, and Switzerland retained its top position from last year's survey. The report's authors highlighted the country's innovation, labor market efficiency and sophistication of its business sector. The United States fell two spots from a year earlier to seventh overall on lower rankings that included business leaders' distrust of politicians, their concern about the government's ability to maintain arm's-length relationships with the private sector and their belief that government wastes its resources.