The #1 country in the World Economic Forum Global Competitiveness Ranking is Switzerland. Last year it was also Switzerland.
The Swiss have policies of controlled immigration, low taxation and a policy of aligning their currency with the euro to facilitate without actually becoming members of the eurozone, and thus retaining control of their monetary policy. Sounds eminently sensible.
Also they have lots of clean mountain air and cows with bells, which is nice.
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