During the webcast of the Global Competitiveness Report launch yesterday, Michael Porter and Xavier Sala-I-Martin both remarked on Italy’s “disastrous” performance. Italy fell six places behind last year’s ranking to number 47, two places behind Botswana. Compare this to 2001, when Italy placed number 26.

What is happening in Italy? The ranking this year was partly based on the Executive Opinion Survey. This survey incorporates feedback from business executives inside Italy into the quantifiable competitiveness data. I would like to know to what the Italian media and business community attribute the country’s competitiveness ranking.