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. Singapore
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Workers erect scaffolding in a building in Singapore's financial district.
Singapore, second in Asia only to Hong Kong, is a city-state that owes much of its business activity to effective governance.
The four top reasons to do business in Singapore? According to survey respondents, they are government competency, reliable infrastructure, an effective legal environment and policy stability.
According to IMD, Singapore can improve its competitiveness by strengthening assistance to people on low and middle-incomes, as well as helping firms to keep cost pressures under control.
Source: IMD World Competitiveness Center
Methodology: The IMD World Competitiveness Yearbook uses economic data and survey results to construct a ranking of 60 world economies. Countries are evaluated in four broad categories: economic performance, government efficiency, business efficiency and infrastructure.
Methodology: The IMD World Competitiveness Yearbook uses economic data and survey results to construct a ranking of 60 world economies. Countries are evaluated in four broad categories: economic performance, government efficiency, business efficiency and infrastructure.
- Last updated May 30 2013 09:07 AM ET
