Well-developed infrastructure is critical to the strength of a country’s economy. Effective transport, power and communications networks create the conditions under which businesses grow and the wider economy functions effectively.
The World Economic Forum’s annual Global Competitiveness Report evaluates the infrastructure of 144 of the world’s economies on various measures – including the quality of road and rail networks and the quality of the electricity supply – to produce an overall global ranking.
Hong Kong emerges as having the best overall infrastructure, slightly ahead of Singapore and the United Arab Emirates.
European nations take six of the top 10 spots, including the Netherlands and Switzerland in fourth and fifth places respectively.
If you’d like to learn more, read 10 ways countries can improve their competitiveness and How can Africa develop its electricity infrastructure?
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Author: Paul Muggeridge is Head of Content at Formative Content.
Image: Labourers work at a flyover undergoing construction in the southern Indian city of Hyderabad. REUTERS/Krishnendu Halder