Economics
U.S. Beats Singapore to Top of Global Competitiveness Rankings
- World Economic Forum revises methodology to focus on dynamism
- WEF also calls for openness, and notes social strains in U.S.
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The U.S. is back at the top of the global competitiveness league, according to the World Economic Forum, which praised the nation’s entrepreneurial culture and financial system while noting its “weakening social fabric.”
In a report that President Donald Trump is likely to see as validating his “Make America Great Again” drive, the U.S. placed ahead of Singapore and Germany in the 140-nation table. The 2018 edition of the rankings used an overhauled methodology that focuses more on factors such as idea generation and agility.