A
new
report from the World Economic Forum indicates that the United States, Singapore,
Germany, Switzerland, Japan, Netherlands, Hong Kong, the United Kingdom, Sweden
and Denmark are the world’s top 10 most competitive economics.
The report says “the United States is the
closest economy to the frontier, the ideal state, where a country would obtain
the perfect score on every component of the index. With a competitiveness score
of 85.6, it is 14 points away from the frontier mark of 100, implying that even
the top-ranked economy among the 140 has room for improvement.”
With 83.5 and 82.8 scores Singapore and
Germany respectively followed the US. “Switzerland (82.6) comes in at 4th
place, followed by Japan (82.5), Netherlands (82.4), Hong Kong SAR (82.3). The
United Kingdom (82.0), Sweden (81.7) and Denmark (80.6) round out the top ten.”
The Global
Competitiveness Report is designed to help policy-makers, business leaders and
other stakeholders around the world shape their economic strategies in the era
of the Fourth Industrial Revolution.
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