The World's Most Competitive Economies.

• Author: McCarthy, Niall

Byline: Niall McCarthy

Last week, the World Economic Forum released its annual study on the competitiveness of the global economy. One of the most important takeaways from the report was an index ranking assessing the microeconomic and macroeconomic foundations of national competitiveness. The World Economic Forum benchmarked the competitiveness of 141 economies through 103 indicators (on a scale from 0 to 100) organized into 12 themes to determine how close an economy is to the "frontier" of competitiveness.

Singapore overtook to the United States to become the world's most competitive economy in 2019, scoring 84.3 points out of 100 and doing particularly well across macroeconomic stability, infrastructure, innovation capability and its...