That's what our Country is doing.

Canada's international economic competitiveness has sagged again, according to the annual global competitiveness report released Wednesday by the World Economic Forum.

Canada fell to 15th this year from 12th in 2003, while northern Europe, the United States and Asia remained home to the most competitive economies

Not only did we fall this year. It's part of a continuing trend:

In 1998, Canada stood sixth in this ranking and in 2004 we stand 15th," commented Roger Martin, dean of the University of Toronto's Rotman School of Management and chairman of the Institute for Competitiveness and Prosperity, the forum's Canadian partner.

Canada's competitiveness rating has declined in all but one of the past six years, and "among the larger economies . . . we've fallen from fifth to eighth," Martin added.

So who is kicking our butt?

Finland kept the top spot for the third time in the last four years, followed by the United States.

Rounding out the top 10 were Sweden, Taiwan, Denmark, Norway, Singapore, Switzerland, Japan and Iceland.

That's right Iceland is beating us.

How pathetic is that?

Read more here.

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