The most competitive countries in the world for doing business

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The most competitive countries in the world for doing business

1.   Switzerland
 The central European country comes at the top overall due to its strong performance across all pillars of the GTCI model, in particular showing an excellent capacity to attract and retain talent. It lags behind in gender equality variables, however.

2.   Singapore 
 The sovereign city-state in Southeast Asia ranks 1st for its business environment and ability to attract top-level global talent, with high scores across the rest of the measures too.

3.   United Kingdom 
 The UK performs well across the board except in the vocational and technical skills of its workforce. It is an attractor of talent with good external openness, although the report notes this could change after Brexit.

4.   United States
 Due largely to its leading network of universities, the US comes second overall in the "Growth" sub-index, which measures a country's ability to grow talent through university courses, apprenticeships, and other training.

5.   Sweden 
 Sweden excels at retaining talent, coming 4th overall in the sub-index. With good formal education and good lifelong access to educational courses, the country's workforce possesses a pool of vocational and technical skills, as well as high-level business management skills.
6.   Australia 
 One of the top countries in terms of attracting talent from abroad (6th), Australia has the large pool of high-level management skills necessary for a business-competitive country. Its formal education (4th overall) is among the best in the world.

7.   Luxembourg 
The landlocked Western European country has slipped from 3rd place in 2016 to 7th this year, but remains a top country for its ability to attract global talent. Luxembourg also excels at retaining its domestic talent (3rd overall) thanks to its international reputation as a hub of industry and finance.
8.   Denmark 
The Scandinavian country comes 3rd overall both for its business environment and ability to home-grow talent. Its formal education system is also among the best in the world, coming 6th overall. 

9.   Finland
The Northern European state comes first overall for formal education, ranking highly in its ability to home-grow business talent as a result. Its business environment also ranks highly (6th overall), led by a very strong regulatory landscape.
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