Iceland still maintains a strong position in the top 30 most competitive economies in the Global Competitiveness Report 09 – 10. Despite a nationalization of all major banks following a collapse in the countries financial sector Iceland still holds an incredible 26^th spot. This is due to the fact that Iceland’s infrastructure is still solid and the economic foundations are sound. The report says that Iceland can rely on a world class education system, highly developed business environment, a flexible labor market, efficient infrastructure and strong institutions and that has secured the country a place in the top 30 in the face of a serious financial crisis.

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