07 Sep '11, 11am

Singapore moves to 2nd spot in WEF Global Competiveness Report

Singapore moves to 2nd spot in WEF Global Competiveness Report

Singapore has nudged aside Sweden to claim second spot in the latest global competitiveness ranking as it continues to tread on a sure footing of economic growth and strong public institutions. -- ST PHOTO: ALPHONSUS CHERN By Esther Teo Singapore has nudged aside Sweden to claim second spot in the latest global competitiveness ranking as it continues to tread on a sure footing of economic growth and strong public institutions. It moved up from third position last year - maintaining its lead among Asian economies - losing out only to Switzerland in the latest annual World Economic Forum (WEF) Global Competitiveness Report released in Geneva on Wednesday. The United States continues its decline for the third year straight, falling one more place to fifth position. In addition to macroeconomic vulnerabilities that continue to build, concerns about government inefficiency and ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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