The U.S. just dropped down to the seventh position in the Networked Readiness Index Rankings for 2006. The Rankings were included in a report submitted by the World Economic Forum, which attributed the sinking to the "deterioration of political and regulatory environment" - whatever that means.

The report took into consideration the technological advancements in general business, the infrastructure available for production or use, and the initiative and gravity of the national government's policies on economic development and improving local and global competitiveness. With that said, the top 10 countries in the Index Rankings of 2006 are:

1. Denmark (3)
2. Sweden (8)
3. Singapore (2)
4. Finland (5)
5. Switzerland (9)
6. Netherlands (12)
7. US (1)
8. Iceland (4)
9. UK (10)
10. Norway (13)