Global economies will focus on reform, innovation and talent to raise their competitive power, the World Economic Forum said in its latest annual Global Competitiveness Report 2017-2018.
According to the report, the Chinese mainland’s competitiveness ranking moved up from 28th to 27th this year. Major emerging markets, such as China, India and Indonesia are becoming centers for innovation, catching up with advanced economies.
Here are the top 10 global competitive economies:
No 10 Finland
Nokia’s Mikko Korhonen (left) demonstrates how to use the OZO Virtual Reality camera before the general meeting of the Finnish telecommunication network company Nokia in Helsinki, May 23, 2017. [Photo/VCG]
No 9 Japan
A model dresses as a character in the Monster Hunter World video game during the Tokyo Game Show 2017 in Chiba, Japan, Sept 23, 2017. [Photo/VCG]
No 8 United Kingdom
A man feeds swans at Hyde Park in London, Oct 15, 2015. [Photo/VCG]
No 7 Sweden
Lights glow on the water in this night view of Stockholm, the capital of Sweden. [Photo/IC]
No 6 Hong Kong
Brightly lit skyscrapers rise into the air in this night view of Hong Kong, April 30, 2017. [Photo/VCG]
No 5 Germany
Cologne Cathedral is seen in the background, with the Hohenzollernbrücke crossing the Rhine River in Cologne, Germany.
No 4 Netherlands
A little girl is surrounded by flowers in a tulip field in the Netherlands. [Photo/IC]
No 3 Singapore
Merlion Park is pictured with the Marina Bay Sands Hotel in the background in Singapore, March 9, 2016. [Photo/IC]
No 2 United States
A tourist looks over Midtown Manhattan from the Top of the Rock observation deck in New York City, Nov 7, 2016. [Photo/VCG]
No 1 Switzerland
A woman tows her child while riding a bike in Zurich, Aug 17, 2017. [Photo/VCG]