It placed second, trailing behind Switzerland.
According to INSEAD's 2017 Global Talent Competitiveness Index, Singapore still leads with Switzerland in terms of attracting and retaining talent.
The index measures how countries grow, attract and retain talent, providing a resource for decision makers to develop strategies for boosting their talent competitiveness.
This year's report explores the effects of technological change on talent competitiveness, arguing that while jobs at all levels continue to be replaced by machines, technology is also creating new opportunities.
Switzerland and Singapore occupy the top spots in GTCI 2017, with four Nordic countries in the top 10 (Sweden, Denmark, Finland and Norway). The United Kingdom and the United States rank third and fourth respectively.
Commenting on these results, Ilian Mihov, Dean of INSEAD, said the report underlines the role of education that remains fundamental to reach complex set of goals.
“With this fourth edition, the GTCI report has clearly reached the level of international recognition we were aiming for when it was first launched. By focusing on ‘technology and talent’, this year’s report points at some of the most challenging issues that the world economy will face in the coming years, having to combine the creation of new job opportunities and sustainable growth, while offering new generations the possibility to live and work in a world that reflects the values they believe in," she said.
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