While Singapore overthrew the United States, sitting in the country with the highest competitive capability in the world economic, but the country's competitiveness is affected by higher fuel prices. The decline in exports of high-tech products And the fluctuating dollar.
At NESDB today (29May, 2019) , Professor Arturo Bris, Director of the IMD Competition Center Which is a ranking research center, said: "For years that are full of uncertainty in the world market As a result of the rapidly changing political situation and trade relations in many countries It seems that the quality of the institutional sector is an important factor that creates prosperity for the country. Strong institutional framework ensures confidence in the business sector to invest and develop innovation. Including ensuring that people will have a better quality of life. "
Economists view competition as important to the long-term economic health of each country. Because it helps the business sector to grow sustainably, help create jobs and raise the well-being of the people
IMD Business School prepares a world competition report For the first time in 1989, using 235 indicators for ranking 63 countries, consisting of rough data such as unemployment rates, gross domestic product (GDP) and government spending on health and education. Including detailed information from the survey of executives' opinions on issues such as reconciliation in globalization and corruption
Switzerland climbed to the top 4 from the 5th place, driven by a growing economy. Stable Swiss Francs And high quality infrastructure Saudi Arabia is the most ranked country this year. By jumping up 13 steps to rank 26
Conclusion 10 countries with the highest competitiveness in the world this year include Singapore, Hong Kong, United States, Switzerland. United Arab Emirates (Up from 15th in 2016) Netherlands, Ireland, Denmark, Sweden and Qatar
Venezuela remains behind the table. Which was affected by inflation Access to credit and weak economy.