Which one of the following countries occupies the first place in the Global Competitive Report of World Economic Forum ?

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Q: 83 (IAS/2000)
Which one of the following countries occupies the first place in the “Global Competitive Report” of World Economic Forum ?

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,61,44,27,61,15,2

keywords: 

{'world economic forum': [0, 1, 2, 4], 'global competitive report': [0, 1, 0, 0], 'hong kong': [0, 0, 0, 1], 'countries': [1, 0, 2, 6], 'singapore': [7, 3, 19, 27], 'usa': [12, 5, 29, 27], 'france': [1, 0, 0, 0]}

The Global Competitiveness Report is a yearly report published by the World Economic Forum. This report presents an assessment of the competitive landscape of countries, which plays a crucial role in driving economic growth and prosperity.

Option 1 suggests the USA leads the report. While the USA is a global economic leader, it`s not the first-place occupant in this report.

Option 2, Singapore, is the correct answer. According to the World Economic Forum, Singapore is ranked first in the Global Competitiveness Report due to its excellent infrastructure, health services, labor market functioning, and financial system development.

Option 3, Hong Kong, also has a strong competitive economy but falls short of the top spot, while option 4, France, is not in the frontrunning due to certain areas of economic performance that need improvement.

It`s crucial to note that rankings may vary year by year based on global economic changes.