Singapore is the most competitive economy in the world
Singapore overtook US as the most competitive economy in 2019 The city has a score of 84.8 out of 100 on the US and is at the top of the 141 economies. According to the World Economic Forum's World Economic Forum update.
The World Economic Forum takes 12 pillars to assess the economic competitiveness of 141 countries and regions. The countries, Singapore, were well ahead of all assessment criteria. Singapore has been ranked number one for infrastructure, one of the 12 pillars.
Singapore is thriving on a high base, he said. According to the report, the country also ranked number one on the other two pillars: the longest-running state hope rate and the third. Labor market. In addition, Singapore scored high on a number of other areas including financial system, market efficiency and macroeconomic stability.
As for the quality of public institutions, Singapore is second only to Finland, but there is no clear data on performance in this sector. Control and balance are limited. Notably, the country was ranked 124th in the World Press Freedom Index and lacked its commitment to sustainability.
report urges Singapore to foster entrepreneurship and improve its basic skills to become a global innovation hub Sir. According to The Strait Times.
For the United States last year was first with a score of 83.7, but this year has dropped to second. Despite its generally weaker results this year, the United States remains one of the most competitive economies in the world. The United States remains the most powerful innovation power, coming in second on the pillar of innovation capacity and number one in terms of business potential and There is one of the most powerful financial systems in the world.
Hong Kong was third, while the Netherlands were fourth and Switzerland fifth.
Here are the top 10 most competitive economies in the world:
1. Singapore
2. United States
3. Hong Kong
4. The Netherlands
5. Switzerland
6. Japan
7. Germany
8. Sweden
9. England
10. Danish,
The World Economic Forum takes 12 pillars to assess the economic competitiveness of 141 countries and regions. The countries, Singapore, were well ahead of all assessment criteria. Singapore has been ranked number one for infrastructure, one of the 12 pillars.
Singapore is thriving on a high base, he said. According to the report, the country also ranked number one on the other two pillars: the longest-running state hope rate and the third. Labor market. In addition, Singapore scored high on a number of other areas including financial system, market efficiency and macroeconomic stability.
As for the quality of public institutions, Singapore is second only to Finland, but there is no clear data on performance in this sector. Control and balance are limited. Notably, the country was ranked 124th in the World Press Freedom Index and lacked its commitment to sustainability.
report urges Singapore to foster entrepreneurship and improve its basic skills to become a global innovation hub Sir. According to The Strait Times.
For the United States last year was first with a score of 83.7, but this year has dropped to second. Despite its generally weaker results this year, the United States remains one of the most competitive economies in the world. The United States remains the most powerful innovation power, coming in second on the pillar of innovation capacity and number one in terms of business potential and There is one of the most powerful financial systems in the world.
Hong Kong was third, while the Netherlands were fourth and Switzerland fifth.
Here are the top 10 most competitive economies in the world:
1. Singapore
2. United States
3. Hong Kong
4. The Netherlands
5. Switzerland
6. Japan
7. Germany
8. Sweden
9. England
10. Danish,
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