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Monday, January 26, 2009

World's Biggest Fake Fish Tank


LED skyscreen creates unique ceiling for The Place


A new retail center in Beijing features a giant suspended LED Skyscreen.
A huge suspended LED screen forms the centerpiece of The Place, a new retail development in Beijing's central business district. The Skyscreen is 250 m long and 30 m wide, and was built with an investment of RMB 250 million ($32 million). The screen is suspended six stories high (80 feet) above a plaza between two new retail centers.

The concept was designed by Jeremy Railton, president of Entertainment Design Corporation (www.entdesign.com), who was the original designer of the Fremont Street Experience in Las Vegas, the world's largest LED screen (see www.ledsmagazine.com/articles/news/1/7/6).


Railton worked for 3 years with Aozhong Development Company on the project, which has just had its soft opening; the grand opening is expected in April.

The displays were supplied by Taiwan-based LED display manufacturer Opto Tech (http://www.opto.com.tw). The screens have an open grid structure to allow natural lighting during the day.

Five individual displays have been combined to form the giant screen, but the displays can also operate individually and show images in film or TV format. The screens have connections to play giant video games, and can broadcast live events, as well as showing televised events. They can advertise products, and there is even a section where visitors can upload photos of themselves or their friends.





Railton has created a series of unique and dramatic shows for the skyscreen. "Creating media for the very large scale of the sky screen presents a very different challenge compared with conventional movies or television," he says. "The Sky Screen is like 'an arena in the air' so that images have to make an entrance and exit as in large scale live events."

Railton was able to use his experience in designing live spectacles such has the Summer Olympics in Los Angeles and the Winter Olympics in Salt Lake City, to create a dramatic shows for the Sky Screen.


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Coming Soon: World's Superfast Internet

Jonathan Leake, Science Editor

THE internet could soon be made obsolete. The scientists who pioneered it have now built a lightning-fast replacement capable of downloading entire feature films within seconds.

At speeds about 10,000 times faster than a typical broadband connection, “the grid” will be able to send the entire Rolling Stones back catalogue from Britain to Japan in less than two seconds.

The latest spin-off from Cern, the particle physics centre that created the web, the grid could also provide the kind of power needed to transmit holographic images; allow instant online gaming with hundreds of thousands of players; and offer high-definition video telephony for the price of a local call.

David Britton, professor of physics at Glasgow University and a leading figure in the grid project, believes grid technologies could “revolutionise” society. “With this kind of computing power, future generations will have the ability to collaborate and communicate in ways older people like me cannot even imagine,” he said.

The power of the grid will become apparent this summer after what scientists at Cern have termed their “red button” day - the switching-on of the Large Hadron Collider (LHC), the new particle accelerator built to probe the origin of the universe. The grid will be activated at the same time to capture the data it generates.

Cern, based near Geneva, started the grid computing project seven years ago when researchers realised the LHC would generate annual data equivalent to 56m CDs - enough to make a stack 40 miles high.

This meant that scientists at Cern - where Sir Tim Berners-Lee invented the web in 1989 - would no longer be able to use his creation for fear of causing a global collapse.

This is because the internet has evolved by linking together a hotchpotch of cables and routing equipment, much of which was originally designed for telephone calls and therefore lacks the capacity for high-speed data transmission.

By contrast, the grid has been built with dedicated fibre optic cables and modern routing centres, meaning there are no outdated components to slow the deluge of data. The 55,000 servers already installed are expected to rise to 200,000 within the next two years.

Professor Tony Doyle, technical director of the grid project, said: “We need so much processing power, there would even be an issue about getting enough electricity to run the computers if they were all at Cern. The only answer was a new network powerful enough to send the data instantly to research centres in other countries.”

That network, in effect a parallel internet, is now built, using fibre optic cables that run from Cern to 11 centres in the United States, Canada, the Far East, Europe and around the world.

One terminates at the Rutherford Appleton laboratory at Harwell in Oxfordshire.

From each centre, further connections radiate out to a host of other research institutions using existing high-speed academic networks.

It means Britain alone has 8,000 servers on the grid system – so that any student or academic will theoretically be able to hook up to the grid rather than the internet from this autumn.

Ian Bird, project leader for Cern’s high-speed computing project, said grid technology could make the internet so fast that people would stop using desktop computers to store information and entrust it all to the internet.

“It will lead to what’s known as cloud computing, where people keep all their information online and access it from anywhere,” he said.

Computers on the grid can also transmit data at lightning speed. This will allow researchers facing heavy processing tasks to call on the assistance of thousands of other computers around the world. The aim is to eliminate the dreaded “frozen screen” experienced by internet users who ask their machine to handle too much information.

The real goal of the grid is, however, to work with the LHC in tracking down nature’s most elusive particle, the Higgs boson. Predicted in theory but never yet found, the Higgs is supposed to be what gives matter mass.

The LHC has been designed to hunt out this particle - but even at optimum performance it will generate only a few thousand of the particles a year. Analysing the mountain of data will be such a large task that it will keep even the grid’s huge capacity busy for years to come.

Although the grid itself is unlikely to be directly available to domestic internet users, many telecoms providers and businesses are already introducing its pioneering technologies. One of the most potent is so-called dynamic switching, which creates a dedicated channel for internet users trying to download large volumes of data such as films. In theory this would give a standard desktop computer the ability to download a movie in five seconds rather than the current three hours or so.

Additionally, the grid is being made available to dozens of other academic researchers including astronomers and molecular biologists.

It has already been used to help design new drugs against malaria, the mosquito-borne disease that kills 1m people worldwide each year. Researchers used the grid to analyse 140m compounds - a task that would have taken a standard internet-linked PC 420 years.

“Projects like the grid will bring huge changes in business and society as well as science,” Doyle said.

“Holographic video conferencing is not that far away. Online gaming could evolve to include many thousands of people, and social networking could become the main way we communicate.

“The history of the internet shows you cannot predict its real impacts but we know they will be huge.”

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In Beijing, World's Largest LED Display Uses Solar Power

Visitors to the Olympics in Beijing this summer can look forward to more than just history's largest sporting event and biggest national coming-out party (or, if you prefer, biggest airport or longest bridge). They'll also be able to glimpse the world's largest color LED display combined with China's first photovoltaic system to be integrated into a glass curtain wall. The GreenPix Zero Energy Media Wall, designed by New York-based architect Simone Giostra with solar technology by China's solar powerhouse Suntech, will form the curtain wall of the Xicui Entertainment Complex in Beijing, harvesting solar energy by day and using it to illuminate the screen after dark, mirroring a day’s climatic cycle.



Its large-scale display, comprised of 2,292 color (RGB) LED light points, is comparable to a 24,000 sq. ft. (2.200 m2) monitor. Unlike the typical high resolution screens that increasingly plaster Beijing's facades with ads, starchy local news programs and corny animations, this screen will keep the resolution low -- catering to arty abstract visuals -- while keeping the carbon footprint low too. When it opens to the public in June, the facade will play host to a specially commissioned program of video installations and live performances by artists including Xu Wenkai, Michael Bell Smith, Takeshi Murata, Shih Chieh Huang, Feng Mengbo and Varvara Shavrova.

Aside from looking awesome, the project could prove to be a model in sustainable architainment in a country where outdoor visuals are huge and common, and green designs are desperately needed. Fortunately, the GreenPix isn't alone. Even if the "Green Olympics" prove to be a greenwash in some ways, Beijing is already showing off some of the world's biggest new green architectural projects, including the Watercube, the Linked Hybrid, the Olympic Athletes Center and the Olympic Village.

According to GreenPix:


With the support of leading German manufacturers Schueco and SunWays, Giostra and Arup developed a new technology for laminating photovoltaic cells in a glass curtain wall and oversaw the production of the first glass solar panels by Chinese manufacturer SunTech. The polycrystalline photovoltaic cells are laminated within the glass of the curtain wall and placed with changing density on the entire building’s skin. The density pattern increases building’s performance, allowing natural light when required by interior program, while reducing heat gain and transforming excessive solar radiation into energy for the media wall.

The new-generation showcase is a highly visible venue, both within the Beijing metropolis and internationally, and a powerful platform to display the work of emerging artists. Its high visibility will be conducive to interactive projects and artistic dialogue within and beyond China's borders. A compelling program of videos, installations and performances will be organized by a diverse team of independent curators, art institutions, galleries, media schools, corporations, collectors and benefactors, all lead by curator and producer Luisa Gui.

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Saturday, January 24, 2009

The World's Most Dangerous Sports

"Some get their kicks from champagne..." while others like jumping off tall buildings.

Since Icarus, humans have been compelled to test how close to a nasty death they can go.

Defining the world's most dangerous sport remains a tricky subject, mainly due to limited data: Unsurprisingly, organizers and participants are loath to publicize deaths. (Existing information produces curious results. In the U.K., for example, angling kills more people each year than any other sport, due to drowning, but it is by no means deemed extreme.) The key is not the death toll but what the worst-case scenario is if something goes wrong.

Broadly speaking, if an activity involves being exposed to the elements, using specialist equipment to control an inherently incontrollable and unpredictable environment, it is probably an extreme sport. Cave diving in dank, enclosed spaces qualifies, as does surfing 50-foot waves capable of destroying a small village.


Such activities, loosely defined as extreme or dangerous sports, are not for everyone. They tend to attract men (though not exclusively) in their late 20s to early 40s, who live for the moment--which is a good thing since it could always be their last. Even without death, there's a long list of injuries on offer: from concussion or brain damage (bull riding) to broken bones (luging, among others), frostbite (mountaineering) or the bends (scuba diving), to name a few.

So why do it? As Harry Parker, a BASE jumper, says incredulously: "Why? Because you can!" But the bottom line is this: People will go to extraordinary lengths to get high. If this means splashing out over $600 per day to heli-ski by jumping from a helicopter into virgin snow, and risk starting an avalanche, all the better.

But besides the adrenaline junkies are what the Speleological (the Latinate term for caving) Society dubs "equipment junkies." They love the associated paraphernalia and experimenting. A notorious experimenter is David Kirke, the founder of England's Dangerous Sports Club. Most recently Kirke adapted the trebuchet, a medieval device for throwing rocks, to catapult humans from zero to 55 feet in the air in 1.9 seconds. By taking things to extremes, he says, it puts the rest of life into perspective. As Einstein would say, it's all relative.

Human curiosity, it seems, is as alive today as in the 1970s when Californian kids hit the open road by lying down on their skateboards and "butt-boarding," arguably one of the earliest extreme sports. The difference today from when these sports first started is that organizations and sponsors such as Red Bull, the energy drink, have turned formerly counterculture pastimes into moneymaking industries with regular televised events, offering prize money and endorsements. The Billibong Odyssey offers $100,000 for the first surfer to ride a 100-foot wave.

But it you are game for one of these sports, remember: Insurance exists for a reason.


1. BASE Jumping



If it's not a bird or a plane, it's probably...a BASE jumper, one of those individuals who hurl themselves with nothing but a parachute from buildings, antenna, span (bridges) or earth (cliffs). Whereas SPLAT just stands for the sound you make if you wait too long to pull the cord. If you don't die by reaching the ground before planned, the wind could easily slam you into the object you've just left behind--or hoped to. Not only lethal--between 5 and 15 people die each year, according to Harry Parker of The International PRO BASE Circuit--it is also illegal in many parts of the world, including the U.S., except at organized events. Obviously, for a good reason.

Venues: Organized U.S. events include West Virginia Bridge Day, the world's longest span bridge; Utah's Tombstone Challenge, a 390-foot cliff; and The Snake River BASE Games, Idaho, the 450-foot Perrine Bridge. The highest jump was from Malaysia's 1,381-foot Petronas twin towers. Individuals are "encouraged" to get their own insurance.


2. Heli-Skiing



Even the most extreme ski scenes from a James Bond film pale in comparison with what heli-skiers do. Helicoptered to untouched snowy mountains, they leap onto virgin snow and ski down--far from the crowds and the ski patrol. If an avalanche doesn't kill you, a change of weather might leave you stranded. Even the helicopter ride can be perilous: Frank Wells, former president of The Walt Disney Co. (nyse: DIS - news - people ), died in a helicopter crash during a heli-skiing trip in 1994. This is extreme stuff, not least in cost. The helicopter ride to the top can easily cost upwards of $500, and that's before airfare, special gear or insurance. Despite this, the sport attracts a passionate following: People often book up to a year in advance. (Travel policies will insure heli-skiing for an additional 10% to 20% over the standard premiums.)

Venues: Alaska, Colorado, Idaho, Nevada, Utah, Washington and Wyoming all have Heli-Ski U.S. certified operations. Outings are based on a daily rate with guides and a set number of descents. Additional runs cost more. Canada's British Columbia has numerous outlets that favor longer packages (three to seven days), which work out cheaper by the day.


3. Diving



Scuba (an acronym that stands for self-contained underwater breathing apparatus) diving is an increasingly popular sport, but imitating fish clearly has its drawbacks. The ascent from a dive, if done too fast, can cause decompression illnesses (including the bends), potentially causing failure of the spinal cord, brain and lungs. Not to mention that sharks passing by might be peckish.

Venues: The Professional Association of Diving Instructors (PADI) and Scuba Schools International (SSI) offer open-sea diving certificates training, costing from $150 to nearly $600 for lessons. Florida and California as well as Mexico and Egypt are renowned. Once certified, PADI and Divers Alert Network offer specialist insurance, in the ballpark of $60 to $70. (Travel insurance providers often require an extra 10% to 20% premium. During training, private medical insurance should suffice.)


4. Cave Diving



Hypothermia, getting lost, getting separated from your diving buddy, low visibility, air loss and lighting failure are just some of the hazards in this unusual sport. The National Speleological Society defines a successful dive as "one you return from." Perhaps it all has to do with expectation management. Unlike open-sea diving, you can't simply come up for air--you'd smash your head. According to the Texas-based San Marcos Area Recovery Team, more than 500 people have died since 1960 in cave diving accidents in Florida, Mexico and the Caribbean alone. Experience does not guarantee survival, as many of the victims have been instructors and technical divers.

Venues: Florida and Mexico are popular cave diving locations, but it can be done almost anywhere. Before embarking on a cave diving course, cavern diving experience is often required; this, in turn, requires open-sea diving experience. Cavern courses typically range from $200 to around $350. (Travel insurance companies often classify cave diving as high risk, and special insurance may be required.)


5. Bull Riding



Gary Leffew, former world champion bull rider, states on his Web site: "There is more to bull riding than just pain. It can be an art if you take it to the next ride." Good thing, because if one of these beasts, weighing up to 1,800 pounds, tramples you, the next ride you take will be in an ambulance--or a hearse. That Leffew advertises a so-called Jaw-Joint Protector for the upper and lower teeth as well as the brain reveals how serious concussions or head injuries can be. This is for men with testosterone to spare. The slogan of Lyle Sankey, who offers fantasy camps for bull riding, underlines this: "Real Men. Rank Bulls. Raw Sport." He also says success is 60% mental and 40% ability. The only question is whether he's talking about the riders or the bulls.

Venues: Two recommended schools by the Professional Bull Riding Association are Lyle Sankey's in Missouri and California-based Gary Leffew's. Leffew offers a 21-day "bull riding boot camp" for $2,800, or a five-day school costing $425. Sankey's school offers "bull-riding fantasy camps": one- to four-day lessons from $300 to just under $400 per day per person (minimum 15 people); or private bull riding, ranging from $600 to $700 for two days (minimum two people).


6. Big-Wave Surfing



Big-wave surfing is misleading. These waves aren't big, they're ludicrously big. Drowning, by being pulled under by the current, by smashing your head against hidden rocks, or by being whacked by the board on which you were supposed to be elegantly surfing, can be deadly. But the chase is still on to ride the 100-foot wave, perhaps not surprising since The Billibong Odyssey is offering $100,000 to the winner. But as Adam Wright, surf forecaster at California's Surfline, points out: "Anyone can try this sport, but the chances are you won't be coming back."

Venues: Hawaii is famous for surfing--Maui has the evocatively named Jaws surf zone. Mexico's Todo Santos, and California's Cortes Banks and Mavericks are hot spots. Boards range from $400 to close to $1000. First-place prizes include $65,000 for Quicksilver's Waimea bay contest and $70,000 for the Tow In Worldcup in Maui.


7. Street Luging

Back in the 1970s, Californian kids practiced an extreme sport virtually before the word had been invented. They hit the road--literally, lying down on their skateboards and "butt-boarding" next to moto vehicles. Short of a collision, the only thing to stop them was their feet. Today legality of this sport on highways is a gray area, and there's no guarantee that cars or trucks will see you, let alone avoid you. Protective leathers and a helmet are essential--that is, if you don't want to smear yourself all over the road.

Venues: New Hampshire-based Gravity Sports International offers day classes on a closed road, starting at $250. A day's luging at Wild Fro Racing in California costs $195 and incorporates a 2.5-mile Dinosaur descent. Both require full medical insurance coverage. The sport is featured in the Gravity Games.


8. Mountain Climbing



"All elements of climbing involve risks," said Lloyd Athearn of the American Alpine Club. You can twist ankles, sprain muscles, tear ligaments, break bones, injure your back, suffer frostbite or even suffer concussion. And if this happens on the way up, you still have to get back down. Rapidly changing weather can be lethal. Add to this the difficulty of rescue helicopters operating in such conditions, and you could be stranded. In 2000, 24 deaths were reported in the U.S., according to Accidents in North American Mountaineering.

Venues: National parks are good rock-climbing locations: Yosemite, the Joshua Tree, Rocky Mountain National Park, among others. For mountaineering, Wyoming's Tetons, Red Rocks in Nevada and Alaska's Denali are renowned. The Alps, Himalayas and Andes attract climbers from all over the world. The American Alpine Institute offers courses at basic to advanced levels on snow, ice and rock, as well as at altitude; for example, beginners can climb in the Eastern Sierra for two days or so for $150 to $295 (for individual training). The International Mountain Climbing School also offers courses: Climbing in Red Rocks can cost from $190 (two people) to $250 (individual training).


9. BMX



The combination of acrobatics while astride a bicycle, BMX--bicycle motocross--in its basic form involves racing, but offshoots include bicycle stunts, vertical ramp and flatland. "BMX can really beat you up," says 29-year-old Grant Hansen of BMXtreme, who has personally suffered from a separated shoulder, had to have his knee drained, plus sustained countless cuts, scrapes and bruises. There are no known deaths, but concussions? "Sure! Absolutely," Hansen says. The ultimate goal? "To do a trick no one has done before," with, of course, attractive war wounds to show for it at the end.

Venues: This can be done anywhere in the U.S., but the East Coast is better suited to dirt tracks. A bike can range from a couple of hundred dollars to $1,000 for the professionals, according to Hansen. California was the birthplace of BMX and has many spots in which to practice the sport.


10. White-Water Rafting



Surrounded by untamed rapids, participants hurtle towards...well, possibilities include smashing into rocks, being tossed out and drowning. If you fall out of the boat, foot entrapment could ensnare you, making it impossible to dislodge yourself for quite some time. Broken bones or twisted knees are common injuries. The problem with waterfalls is that you can't see how steep the drop is beforehand. By the time it's over, it could be too late.

Venues: The U.S. has many rivers from which to choose, across many states. Within each river are a variety of levels of difficulty, from I to V+. Internationally the choices are also diverse, from Zimbabwe to Mexico to Nepal and beyond. Costs vary hugely, but group rates range from a one-hour supervised taster trip for around $20 to overnight or weekend sessions for nearer $200.



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Friday, January 9, 2009

Top Countries in Global Competitiveness



Despite this year's global market turmoil, many of the same countries, including the U.S., remain a top the World Economic Forum ranking

The global economy has been under threat for more than a year, and events in recent months have taken matters to a crisis stage. But judging by the World Economic Forum's annual Global Competitiveness Report, you would hardly know it. So far the financial meltdown has had little effect on the relative competitiveness of the world's most advanced countries, according to the ranking.

Of the record 134 countries surveyed this year, the majority at the top of the list remain European, while the U.S. continues to hold on to the No. 1 spot and Canada squeezes into the top 10. As in previous years, Singapore and Japan are the only Asian countries included at the top of the list, though Hong Kong comes close, at No. 11.

The results show that despite market turmoil in recent months that has brought some of the world's most powerful companies and even countries to their knees (BusinessWeek.com, 10/10/08), a range of nonmarket attributes such as education, regulation, and infrastructure still account for the advantages some nations enjoy over others.

More Than Financial Markets

The annual study from the Geneva-based World Economic Forum (WEF) assigns a score to a broad range of criteria affecting economies' business climates. It then categorizes them into 12 "pillars," including the size and efficiency of markets, innovation, infrastructure, business sophistication, and the quality of health and education. "The stability of the financial markets is one of them, but it's not the most important," says Jennifer Blanke, a senior economist at the WEF who oversees the study. "Those countries that have strengths in the other areas will bounce back quickly."

The European bloc remains strong, with six countries in the top 10. Switzerland, thanks to its high level of business sophistication and capacity for innovation, retained the second-place ranking it earned in the WEF's 2007 ranking (BusinessWeek.com, 11/6/07). The Nordic countries—Denmark at No. 3, Sweden at No. 4, and Finland at No. 6—continue to punch above their weight in this sphere as well. All share relatively healthy macroeconomic environments, run budget surpluses, carry very low levels of public indebtedness, and have some of the best functioning and most transparent institutions in the world.

Germany, however, despite its significant market size, has been dragged down two spots to seventh place this year due to its rigid labor markets. And Britain fell out of the top 10 entirely, sagging from ninth to 12th place, owing to a low national savings rate, increasing dependence on (now shaky) financial services, and eroding trust in political leadership.
Singapore Rises, Japan Slips

The two Asian nations in the top tier, Singapore and Japan, saw diverging fortunes. The strengthening of Singapore's institutional framework combined with a world-class infrastructure earned it a promotion to fifth place this year, up from seventh in 2007. Ninth-ranked Japan still holds its own as the world's second-largest economy, with commendable investment in research and development, but it fell one position vs. last year due to lingering high debt levels and mistrust of its financial institutions.

"The surprise was that the U.S. is still on top," Blanke says. The world's largest economy remains second-to-none in productivity and enjoys a flexible labor market, a very sophisticated business culture, and many of the world's best universities. Robust structural features help it to absorb economic shifts and downturns in business cycles.

But what hurt the U.S. this year was a weak macroeconomic environment. Like Japan, its debt levels are among the highest in the world. With so much money owed to creditors, the U.S. has less wealth to reinvest in its own future—and less wiggle room to address the current financial market crisis. "That's a warning sign we have been seeing for a while," Blanke says.
What About Emerging Economies?

Emerging countries with swelling economies are struggling to edge their way up the list. Burgeoning economic powerhouses such as Brazil, Russia, India, and China (the so-called BRIC countries) all rank among the top half of countries surveyed by the WEF, but their climb up the list is bogged down by a variety of factors. India, for example, boasts an impressive availability of scientists and engineers as well as top-notch research institutions. But these schools are limited to a very elite few. "At the end of the day, what we're really looking at is prosperity," Blanke says.

Of the BRIC countries, China is moving the fastest, jumping four places on this year's ranking, to No. 30. That's thanks in large part to the strides China continues to make in innovation, a surplus in its government budget, and above all the size of its domestic market. "It's huge and growing," Blanke says.

Still, these emerging markets have a way to go to before they enter the big leagues. Blanke predicts that at their current rate, it will take 10 years or more for them to challenge the top ranks of the world's most competitive economies. "They are going to do amazingly well, but they all require much more investment based on their populations," Blanke says.

Who's Winning the Race?

The financial crisis that has roiled global economies in recent months is a salient reminder of how economically interdependent the world has become. Competition among the major players has never been fiercer, which makes the Geneva-based World Economic Forum's annual ranking of the world's most competitive countries all the more important and informative.

The WEF surveyed 12,000 business leaders in 134 countries and pulled from publicly available economic data to produce its rankings and report. The result is a weighted measure of economic health indicators that shows who comes out on top—and who still has work to do.


No. 1: U.S.



Market Size: 1
Innovation: 1
Education/Training: 5

The U.S. retains its position this year as the world's most competitive country. Many robust structural features, such as business systems, formidable universities, and top-ranked innovation make the American economy remarkably powerful and productive. They also help to soften economic shocks such as routine business downturns and, with luck, the current financial crisis. However, despite having the largest economy on the planet, fiscal deficits in recent years have weakened the country's global standing and increased public indebtedness. That could limit flexibility in fiscal policy in the future and leave the U.S. more vulnerable to outside influences.


No. 2: Switzerland



Market Size: 37
Innovation: 3
Education/Training: 7

This small Alpine country has a lot more to brag about than just banks and beauty. Innovation is fueled by high spending on research and development relative to its size, as well as a strong relationship between a sophisticated business culture and world-class academic institutions. This means that research projects easily make their way out of the lab and onto production lines. Strong intellectual property protection encourages a high rate of patenting, where Switzerland ranks sixth, despite its diminutive size.


No. 3: Denmark



Market Size: 46
Innovation: 10
Education/Training: 2

Like its Nordic counterparts, Demark holds onto its rank from last year, coming in third, and shows potential for further widening its lead over them. It has overhauled its labor markets to create more flexibility for both businesses and employees. It also boasts among the best-run and most transparent financial institutions in the world. Additionally, a strong focus on education and high-quality health care keeps Denmark strong. Its taxes, however, are some of the highest in the European Union.


No. 4: Sweden



Market Size: 32
Innovation: 5
Education/Training: 3

Home to an outsize collection of world-beating companies—from Ericsson and Electrolux to home furnishing giant Ikea—Sweden keeps its position this year as the fourth most competitive country in the world. The most populous Scandinavian country enjoys strong financial institutions characterized by an ethical business climate and transparency in government policy-making. Sweden also gets high marks for education and training (ranking third globally) and exhibits a high degree of technological readiness. But high taxes and an inflexible labor market can be stifling to efficiency.


No. 5: Singapore



Market Size: 53
Innovation: 11
Education/Training: 8

The island city-state in Southeast Asia jumped to fifth place this year from seventh, largely as a result of a powerful institutional framework. The Singaporean government is the most transparent, least wasteful, and least burdensome on business of any country in the world. It also is the government most trusted by its citizens. Despite its small market size, Singapore also is buttressed by a world-class infrastructure and efficiency in all markets—goods, labor, and financial—where it ranks second globally.


No. 6: Finland



Market Size: 50
Innovation: 2
Education/Training: 1

The home of mobile phone giant Nokia, Finland continues to sustain high standards domestically, buoyed by a sophisticated business environment and a flexible workforce. The country ranks first in the availability of scientists and engineers and has the top-rated educational system in the world. Its young generation appears set to carry the country's influence into the future. Finland is also No. 1 in health and primary education.


No. 7: Germany



Market Size: 5
Innovation: 8
Education/Training: 21

With the best-ranked infrastructure of any country in the world, Germany, home to the autobahn, remains in the top 10 most competitive countries, although its position slumped to seventh place from fifth last year. Despite heavy investment in R&D and a sophisticated business culture, Germany suffers from increasingly weak universities and a rigid labor market. A lack of private wage determination, high nonwage labor costs, and the cost of terminating employees combine to throttle job creation.


No. 8: Netherlands



Market Size: 20
Innovation: 12
Education/Training: 11

The Netherlands rose two spots in the ranking this year, owing in part to its aggressiveness in adopting new technologies: The Dutch are among the most wired citizens on the planet, ranking second in Internet usage and ownership of personal computers. An efficient labor market compared with those of its neighbors and an excellent educational system also help boost its ranking.


No. 9: Japan



Market Size: 3
Innovation: 4
Education/Training: 23

The second-largest economy in the world, Japan finished in ninth place this year, down from No. 8 a year ago. Home to automobile and electronics giants like Toyota and Sony, Japan possesses a huge pool of scientists and engineers, spends vast sums on research and development, and demonstrates enormous capacity for innovation. Combined with a high level of business sophistication, these assets are what give Japan its competitive edge. But with one of the highest debt levels in the world and mistrust of public institutions and political leadership by its citizens, Japan runs the risk of falling further in the rankings.


No. 10: Canada



Market Size: 13
Innovation: 13
Education/Training: 9

A newcomer to the top 10, Canada is on a steady ascent to the forefront of the world's most competitive countries. It enjoys high-quality transportation and telecommunications infrastructure, efficient labor and financial markets, and transparent institutions. The albatross around its neck is its national debt, which stands at 70% of GDP. But Canada is slowly chipping away at that, too, by running small budget surpluses in recent years.


No. 11: Hong Kong



Market Size: 38
Innovation: 24
Education/Training: 28

Since the transfer of its sovereignty from Britain to China in 1997, the Hong Kong Special Administrative Region has proved itself a worthy member of the upper echelons of global competition. It garners high marks for efficiency and the sophistication of its financial markets. But excellent fiscal management and low government debt are the things really driving the city-state's performance. However, it is handicapped by a small domestic market and its relatively weak standing in health, education, and training.


No. 12: Britain



Market Size Rank: 6
Innovation Rank: 17
Education/Training Rank: 18

One of the biggest shocks in this year's study was Britain's fall out of the top 10, to the 12th-most competitive country in the world. According to the WEF, Britain is hampered by high taxes, a low national savings rate, and public indebtedness. But it still has plenty of strengths on the global stage (after all, China is ranked No. 30): Britain remains the world's sixth-largest domestic economy and, despite the pain in its banking sector, offers efficient labor and among the world's most sophisticated financial markets.


The World's Most Competitive Countries 2008

The annual World Competitiveness Yearbook from Swiss business school IMD ranks 55 countries on 323 criteria, ranging from the per capita GDP and economic growth to exports, computer penetration, and even the cost of mobile phone service. It also includes qualitative assessments of dozens of factors, such as the level of corruption, state support for education, attitudes towards globalization, and the regulatory framework.

The table below lists this year's ranking. To add a little spice, we've also included results from the World Economic Forum, which ranks countries according to their "network-readiness," or how prepared they are to succeed in the knowledge-based economy of the 21st century.


Country
WEF Global
Competitiveness Index
Rank 2008
WEF Global
Competitiveness Index
Rank 2007
IMD World
Competitiveness Yearbook
Rank 2008
IMD World
Competitiveness Yearbook
Rank 2007

United States1 1 1 1
Switzerland2 2 4 6
Denmark3 3 6 5
Sweden4 4 9 9
Singapore5 7 2 2
Finland6 6 15 17
Germany7 5 16 16
Netherlands8 10 10 8
Japan9 8 22 24
Canada10 13 8 10
Hong Kong11 12 3 3
United Kingdom12 9 21 20
Korea (South)13 11 31 29
Austria14 15 14 11
Norway15 16 11 13
France16 18 25 28
Taiwan17 14 13 18
Australia18 19 7 12
Belgium19 20 24 25
Iceland20 23 NA7
Malaysia21 21 19 23
Ireland22 22 12 14
Israel23 17 20 21
New Zealand24 24 18 19
Luxembourg25 25 5 4
Qatar26 31 NANA
Saudi Arabia27 35 NANA
Chile28 26 26 26
Spain29 29 33 30
China30 34 17 15
United Arab Emirates31 37 NANA
Estonia32 27 23 22
Czech Republic33 33 28 32
Thailand34 28 27 33
Kuwait35 30 NANA
Tunisia36 32 NANA
Bahrain37 43 NANA
Oman38 42 NANA
Brunei Darussalam39 NANANA
Cyprus40 55 NANA
Puerto Rico41 36 NANA
Slovenia42 39 32 40
Portugal43 40 37 39
Lithuania44 38 36 31
South Africa45 44 53 50
Slovak Republic46 41 30 34
Barbados47 50 NANA
Jordan48 49 34 37
Italy49 46 46 42
India50 48 29 27
Russia51 58 47 43
Malta52 56 NANA
Poland53 51 44 52
Latvia54 45 NANA
Indonesia55 54 51 54
Botswana56 76 NANA
Mauritius57 60 NANA
Panama58 59 NANA
Costa Rica59 63 NANA
Mexico60 52 50 47
Croatia61 57 49 53
Hungary62 47 38 35
Turkey63 53 48 48
Brazil64 72 43 49
Montenegro65 82 NANA
Kazakhstan66 61 NANA
Greece67 65 42 36
Romania68 74 45 44
Azerbaijan69 66 NANA
Vietnam70 68 NANA
Philippines71 71 40 45
Ukraine72 73 54 46
Morocco73 64 NANA
Colombia74 69 41 38
Uruguay75 75 NANA
Bulgaria76 79 39 41
Peru83 86 35 NA
Argentina88 85 52 51
Venezuela105 98 55 55





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