Singapore is World’s Most Competitive Economy

Singapore is World’s Most Competitive Economy
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Singapore mark’s its return to the top spot for World’s Most Competitive Economy ranking since 2010.  In this yearly rankings of 63 economies by Swiss-based research group IMD World Competitiveness Centre, Singapore’s strength lies in its implementation of efficient and advanced technological infrastructure, the availability of skilled labour, favourable immigration laws and efficient ways to set up new businesses.

Singapore’s economic & business performance as well as government efficiency has been key in attracting businesses to set up shop here. Corporates, regardless of size take advantage of the infrastructure and policies to expand their foothold in Asia, and possibly the rest of the world, while at the same time attracting the best of talent to ensure sustained competitiveness and business growth.

Coupled with favourable immigration laws, it is of no wonder that Singapore has leapfrogged to become one of the most attractive economies to attract human capital.  With a firm plan to ensure there is sufficient manpower to sustain the economy for the long term – hopeful Singapore PR and Citizenship applicants with the right credentials can look to heightened chances of attaining approvals, if their application is strategised the right way.

What Does This Mean For Singapore?

With its great economic landscape, more businesses and investments are likely to come to Singapore. This will in turn create more jobs, attract foreigners who want to work in Singapore, allow skills transfer from top foreign talents to the local workforce, and keep the economic momentum going.

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