15 Jan '17, 9pm

Singapore tumbles in WEF index that measures inclusive economic growth

For six years running, Singapore was ranked the second-most competitive economy in the world by the World Economic Forum (WEF), right behind Switzerland. But the Republic took a tumble in the leaderboards in a new report released today that measures how inclusive and equal countries' economic performance is. Switzerland fell to third place behind Norway and Luxembourg among 30 advanced economies. While the traditional rankings prized performance in categories Singapore gets top marks in - such as higher education and training, and goods market efficiency - the new index has indicators that measure how well economic performance translates into social inclusion, such as asset building and entrepreneurship, employment and labour compensation, and fiscal transfers. The new yardsticks come a day before world leaders converge in Davos for an annual meeting in the Swiss town, and...

Full article: http://www.straitstimes.com/world/spore-tumbles-in-wef-in...

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