3rd most competitive economy in the world: wat it means for us

[temasekreview]

Singapore has moved two spots to number three in the recently published World Economic Forum (WEF) report on world competitiveness. Without any additional information and details, yes, Singapore deserves a round of applause. After all, it does mean that the Singapore economy is “able to produce higher levels of income for their citizens”, according to the strict definitions as set by the researchers.

However, in this information age, when withholding information is as sinful as erroneous information, so let us look deeper into what this research is actually trying to tell us.

Behind the fancy wordings and the technical jargon, this study is a cold and hard measure of how profitable it is for a corporation to do business in a particular country, with respect to other countries in the world.

Read rest of article here:

http://temasekreview.com/?p=13529

 

[annexa]

It means, we need to make your salary even cheaper to stay competitive and let in more unqualified FTs who cannot even get into NUS and NTU.