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, released in September.

 

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 1 Switzerland

 

No 2 United States 

 

No 3 Singapore

 

No 4 Netherlands

 

No 5 Germany 

 

No 6 Hong Kong

 

No 7 Sweden

 

No 8 United Kingdom 

 

No 9 Japan

 

No 10 Finland