CURRENT AFFAIRS

Detailed explanation-1: -Denmark ranks no. 1 in IMD World Competitiveness Ranking for the first time. Country plays aggressively on the sustainability front and benefits from being a small country in Europe.

Detailed explanation-2: -Singapore was 1st in the 2020 World Competitiveness Index.

Detailed explanation-3: -Highlights of the WCI Index 2022 Denmark has toped the 2022 ranking featuring 63-nations list from the third position last year. It is followed by Switzerland (2nd) slipped from the top ranking in last year and Singapore regained the third spot from fifth.

Detailed explanation-4: -Singapore was number one for the second year in a row. In second to fifth place, in order, came: Denmark, Switzerland, the Netherlands and Hong Kong SAR. A marked pattern in this year’s results, which are an amalgam of hard data taken from 2019 and survey responses from early 2020, is the strength of smaller economies.

Detailed explanation-5: -Denmark has moved to the top of the 63-nation list from the third position last year, while Switzerland slipped from the top ranking to the second position and Singapore regained the third spot from fifth, a global study showed on Wednesday.