Singapore’s Edge Goes Beyond Labour Policies
Singapore can, for now, boast that it came in second for a third straight year on the World Economic Forum’s Global Competitiveness Report 2013-2014’s ranking of 148 economies, thanks to strong financial market development, infrastructure and institutional frameworks. Significantly, Singapore ranked first worldwide for goods market efficiency and labour market efficiency, said the GCR report, released this month.
In terms of its ability to attract talent, the GCR ranked Singapore second globally and Hong Kong fifth. But Hong Kong came in seventh for its ability to retain talent, ahead of Singapore’s eighth placing.