Which country topped according to the World Competitiveness Index compiled by Institute for Management Development 2020?
Correct answer: B. Singapore
- A. China
- B. Singapore
- C. Japan
- D. None of these
Explanation
Singapore ranked first in the 2020 IMD World Competitiveness Ranking, which assesses factors such as economic performance, government efficiency, business efficiency and infrastructure.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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