Singapore tops the Asian ranking in The Global Competitiveness Report 2008-2009 conducted by the World Economic Forum (and partners) using both publicly available data and the Executive Opinion Survey.
The annual report assesses the ability of countries to provide high levels of prosperity to their citizens, which in turn depends on how productively a country uses available resources. Thus, the index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.
The top 10 overall ranking are USA, Switzerland, Denmark, Sweden, Singapore, Finland, Germany, Japan and Canada.
The top 10 Asian economic entities are Singapore, Japan, Hong Kong, South Korea, Taiwan, Malaysia, Qatar, Saudi Arabia, China and UAE.
Some random news about Beijing Olympics 2008…

Liu Xiang leaving the track
Liu Xiang quits
World and Olympic champion Liu Xiang has withdrew from the 110m hurdle event following a right foot injury.
Liu’s appearance was in doubt when it was reported last weekend that he was suffering from a sore Achilles tendon, but he showed up for the qualifying heat anyway.
The 90,000 crowd at the Beijing National Stadium didn’t manage to catch Liu Xiang in real action though, as he quit after a false start (by another hurdler), limping out of the race track into the tunnel. The Chinese are generally disappointed, but showing plenty of support for the iconic athlete.
Liu Xiang was China’s best (and probably the only) hope for a gold medal at the track and field event.
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