Global Competitiveness Index, 2019

On 9 October, 2019 the World Economic Forum (WEF) released the Global Competitiveness Index 2019 also hailed as GCI 4.0. The report is based on 12 set of factors that determine productivity i.e. institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.

Major Findings

• Singapore is the world’s most competitive economy in 2019, pushing the US to the second place.
• Hong Kong Special Administrative Region (SAR) is ranked 3rd, followed by Netherlands and Switzerland at 4th and 5th rank respectively
• China is ranked ....