01 Dec '16, 9pm

Netherlands and Singapore top-2 economies of the world according to World Economic Forum

Netherlands and Singapore top-2 economies of the world according to World Economic Forum

Asian countries are outpacing many European nations in the World Economic Forum’s new international ranking of trade-friendly economies. Singapore takes the top spot in the Global Enabling Trade Report 2016 , published today by the World Economic Forum and the Global Alliance for Trade Facilitation. The report assesses the extent to which economies have institutions, policies, infrastructures and services which facilitate the free flow of goods. While the European Union and the United States are deemed to be becoming less open for trade, the ASEAN area – which includes nations such as Singapore, Indonesia and the Philippines – is now more accessible than these traditional heavyweights. The report attributes ASEAN’s rise as an economic power to the region’s greater integration into the global economy. The report’s top 10 is, however, still dominated by European countries. M...

Full article: https://www.weforum.org/agenda/2016/11/top-10-global-enab...

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