Swiss-basedInternational Institute for Management Development (IMD)
World Competitiveness Ranking 2019saidSingaporehas
dethroned theUSto
become the most competitive economy in the world.Hong Kongstands
second spot in the list.USAstands
third followed bySwitzerland
and UAEand fourth and fifth respectively.
Qatarentered thetop 10.India ranked 43, one position
higher compared to 2018.
Parameters
considered:
The ranking process considers a wide range of
hard statistics such asGross
Domestic Product (GDP), unemployment andgovernment
spending onhealth
and education. IMD also used the soft data from anExecutive Opinion Surveywhich
covers other parameters such associal
cohesion, globalization and corruption.
