Public trust of politicians highest in Singapore

Singapore is first in the world for quality of higher education, first in math and science and Singapore's politicians enjoy the highest public trust in the world.

That's according to the Global Competitiveness Report 2010-2011, released by the World Economic Forum today.

Singapore remains the world's third most competitive economy, overtaken by Sweden, which has jumped to second place from fourth. Sweden also has the third most trusted politicians in the world, after Singapore and Qatar. (See the list of countries with the most trusted politicians at the end of this post.)

Switzerland remains the world's most competitive economy for the second year running, while America, the former No 1 which dropped to second spot last year, is now down to fourth place. Swiss politicians are the 12th most trusted in the world.

Singapore finishes in the top 20 in almost every category except judicial independence, in which it is ranked 21st, and intensity of local competition, in which it is ranked 28th.

The report is based on national and international data as well as an executive opinion survey. In  Singapore, the business executives surveyed were selected with the help of the Economic Development Board. See How the Global Competitiveness Report is prepared.

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Singapore 3rd most competitive economy

Singapore remains the world's third most competitive economy, overtaken by Sweden, which moves up to the second spot from fourth place last year.

Switzerland remains No 1 in the Global Competitiveness Report 2010-2011, released today by the World Economic Forum.

World's 10 most competitive economies: Global Competitiveness 2010-2011 rankings

The big loser is America, dropping to fourth position after already ceding the top place to Switzerland last year.  The report says, "There has been a weakening of the United States’ public and private institutions" and notes "lingering concerns about the state of its financial markets".

The report says Singapore ranks

  • First for lack of corruption and for government efficiency
  • First for the efficiency of its goods and labour markets
  • Second for its financial market sophistication
  • Fifth for infrastructure.

Singapore's competitiveness is "buttressed by a strong focus on education, providing individuals with the skills needed for a rapidly changing global economy," says the report.

However, Singapore could "encourage even stronger adoption of the latest technologies as well as policies that enhance the sophistication of its companies", it adds.

Singapore scores lower for innovation, market sophistication, and technological readiness than for health and education, infrastructure, institutions, and efficiency in goods and labour markets. You can see the full report on the World Economic Forum website.

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