to become the world's most competitive economy in 2019, according to the World Economic's Forum flagship Global Competitiveness Report released on Tuesday .
The report measures competitiveness on a scale of zero to 100 based on factors that include infrastructure, health, the labour market, the financial system, quality of public institutions and economic openness.Singapore scored 84.8 out of 100, but WEF noted that the country had benefited from trade diversion through its ports triggered by the tariff battles between the world's top economies.
"There are no two ways it. It is important to ensure the countries are being open to trade," said Saadia Zahidi, a WEF managing director, when asked to comment on the impact of the tariffs imposed by the Trump administration.
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Source: The Straits Times - 🏆 8. / 63 Read more »