The Global Competitiveness Report 2016-2017
The Global Competitiveness Report released by the World Economic Forum, measures competitiveness of 138 economies according to 12 key pillars. 2016-2017 report shows that Switzerland, Singapore and the United States ranked in top three of the world’s most competitive economies. Besides the rankings, the report reaches key conclusions in terms of drivers of productivity and growth. This year’s edition highlights that monetary stimulus in countries without strong economic conditions is not enough as efforts to revitalize growth through monetary policies alone would be less effective. Secondly, to stimulate entrepreneurship and the establishment of new businesses, countries need to adopt