Last week, the World Economic Forum Global Competitiveness Report was released, placing the U.S. in the top spot--a significant improvement from last year's sixth place ranking. Last year's first place country, Switzerland, dropped to number two, followed by Denmark, Sweden, Germany, Finland, Singapore, Japan, the United Kingdom and the Netherlands. The report, which seeks out the world's most competitive economy, notes that the world's strongest economies foster innovation and sustained prosperity by combining macroeconomic stability with strong institutions.