, Singapore

Singapore is the 2nd most competitive country in the world

Guess which country topped the list for the fourth consecutive year?

According to the World Economic Forum's 2012-2013 ranking of the most competitive economies cited in Business Insider, Switzerland took the top spot, followed by Singapore, Finland, Sweden, and the Netherlands. 

The report revealed Singapore's weakness though - that general government debt is 135th in the world at over 100% of GDP.

Only 2 other Asian countries made it to the top 10 - Hong Kong placed 9th while Japan placed 10th.

Read more here.

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