A Government spokesperson said today (June 20), "The IMD's WCY 2023 recognised that Hong Kong continued to be one of the most competitive economies in the world. Hong Kong's competitiveness is underpinned by our
Many modern economies in the world are organized under the banner of capitalism. Some of the most important aspects of acapitalist systemare private property, private control of the factors of production, accumulation of capital, and competition. Put simply, capitalist systems are controlled bymarket...
The latest cost of living rankings show that size doesn't always equal cost. Iceland's capital, Reykjavik, and Norwegian cities like Oslo and Trondheim demonstrate that smaller countries with strong economies and high living standards can also have steep living costs. Strong living standards, high...
#7 in Innovative #7 in Best Countries Overall Germany, the most populous nation in the European Union, possesses one of the largest economies in the world and has seen its role in the international community grow steadily since reunification. The Central European country borders nine nations, and...
That was not the case in the past. When modern economics was born, Adam Smith envisioned it as a study of the “nature and causes of the wealth of nations. “ His seminal work, The Wealth of Nations, was widely read by businessmen, even though Smith belittled them quite bluntly for ...
Financial centers are a core pillar of the modern economy, channeling capital, facilitating trade, and driving innovation across the world. In this graphic, we visualized the world’s top 40 most competitive financial centers, using data from the 37th edition of the Global Financial Centres Index...
It has been five years since covid-19 emerged, triggering a global pandemic that has had lasting consequences on societies, economies and people’shealth. Read more Long covid: What we now know about its causes and possible treatments
Ultimately, the gap between the rich and poor manifests in significant inequalities with regard to living conditions between different peoples and different countries: • Life expectancy is close to 80 years in countries with high-income economies, whereas it is only 46 years in Western Africa. ...
the largest economies in the world and has seen its role in the international community grow steadily since reunification. The Central European country borders nine nations, and its landscape varies, from the northern plains that reach to the North and Baltic seas to the Bavarian Alps in the ...
Rural-to-urban migration is an increasingly relevant trend in the 21st century. Prospects of better job opportunities and higher wages, along with shifts from agrarian to industrial and service-based economies, are causing mass movement to cities. How much have the world’s five most populous cit...