Global Competitiveness Index
Singapore’s status as the world’s most competitive economy in the IMD (International Institute for Management Development) World Competitiveness Rankings is not the only thing ASEAN can be proud of.While Singapore dethroned the United States (US) to stand atop the annual rankings for the first time since 2010 as Hong Kong remained second, the four other ASEAN countries in the list of 63 economies also performed strongly.
Singapore is the most competitive economy in the region, placing second overall in the World Economic Forum’s (WEF) Global Competitiveness Index behind the United States (US).Singapore is seen as an exemplary economy as the report showcased the importance of openness for competitiveness amid escalating tensions and backlash against globalisation.
Singapore is the most competitive economy in the region, placing second overall in the World Economic Forum’s (WEF) Global Competitiveness Index behind the United States (US). Singapore is seen as an exemplary economy as the report showcased the importance of openness for competitiveness amid escalating tensions and backlash against globalisation.
