Of course, every top athlete strives to be #1 in the world. But at events like the Olympic Games, athletes still get recognized if they make it “on the podium.”
Even if an athlete doesn’t get the gold, a silver or bronze medal is an achievement worthy of his country’s celebration.
The same applies to the world of global economic competition.
Each September, the Davos-based World Economic Forum holds the equivalent of the Olympic Games for global economies. Although the forum doesn’t host an actual competition, it does calculate and present its annual ranking of countries via the Global Competitiveness Report.
Read more about the United States’ economic ranking at Eagle Daily Investor.