Singapore Ranks Third Among Top 50 ‘Future-Ready Economies’ Worldwide

April 12, 201610:44 am
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Singapore was recognized by Dell as one of 50 future-ready economies around the world that are embracing technology to adapt and thrive in an ever-changing and globalized future.

This ranking, the Dell Future-Ready Economies Model, scores large, high-growth global metropolitan areas based on attributes that enable people and organizations to access new tools and new ideas that deliver better connectivity, better economic performance – and a greater ability to attract talent.

The cities positioned in the Global 50 ranking were evaluated along three dimensions:

  • Human capital: A Future-Ready Economy has people equipped with the right skills to drive meaningful social and economic change.
  • Infrastructure: A Future-Ready Economy has the infrastructure necessary to support the people, businesses, and technology that enable progress over time.
  • Commerce: A Future-Ready Economy provides sustained opportunities for businesses to accelerate innovation, growth and profitability.

“We live in a digital age in which the power of innovation to transform our world is all around us,” said Amit Midha, President, Dell APJ. “The cities where we live are faced with new challenges every day, from supporting a growing population and building a thriving culture, to fueling economic opportunity for everyone. By understanding Future-Ready Economies and their attributes, cities, businesses and people can create policies and strategies that will enable them to prosper and achieve strong economic health.”

Research for the Dell Future-Ready Economies Model began during the 2015 Strategic Innovation Summit hosted by the Technology and Entrepreneurship Center at Harvard University in September 2015 and is based on analysis conducted by economic data forecasting and analytics firm IHS.

This is the second set of findings from the Dell Future-Ready Economies Model – the first, released in October 2015, scored 25 Future-Ready Economies in the United States. Both allow public and private community leaders to compare their own strengths to those of other regional economies nationally and globally.

The Future-Ready Ranking of 50 Global Economies (APJ countries in bold):

  1. San Jose, Calif.
  2. San Francisco, Calif.
  3. Singapore
  4. London
  5. Washington, DC
  6. Boston, Mass.
  7. Austin, Texas
  8. Raleigh, N.C.
  9. Stockholm
  10. Sydney
  11. Toronto
  12. Seoul-Incheon
  13. Seattle, Wash.
  14. Denver, Colo.
  15. Portland, Ore.
  16. Dallas-Fort Worth, Texas
  17. New York, N.Y.
  18. Minneapolis-St. Paul, Minn.
  19. Houston, Texas
  20. Atlanta, Ga.
  21. Charlotte, N.C.
  22. Chicago, Ill.
  23. Munich
  24. Beijing
  25. Hong Kong
  26. Paris
  27. Taipei
  28. Shanghai
  29. Louisville, Ky.
  30. Salt Lake City, Utah
  31. Guangzhou
  32. Tokyo
  33. Moscow
  34. Des Moines, Iowa
  35. Los Angeles, Calif.
  36. Pittsburgh, Pa.
  37. Columbus, Ohio
  38. Indianapolis, Ind.
  39. Milan
  40. Sao Paulo
  41. Buenos Aires
  42. San Antonio, Texas
  43. Orlando, Fla.
  44. Delhi
  45. Suzhou
  46. Istanbul
  47. Jakarta
  48. Tianjin
  49. Shenzhen
  50. Mexico City

“Backed by insights from experts in the public sector, technology firms, the start-up community and higher education, we developed a methodology to evaluate the degree to which city economies are Future Ready. These ratings will enable cities to take actions that will position them to capitalize on opportunities for the future,” said James Diffley, senior director, IHS Economics.

“A future-ready economy does well no matter what the future brings, nurturing the population, ensuring businesses can thrive, and creating economic opportunities for citizens. Singapore scored highly as a Future-Ready Economy for being a trusted place to do business and attracting even more talent and ideas. Singapore’s ability to provide access to emerging markets of Asia was also a plus.”

“Cities can work towards future readiness in many ways and Singapore has exhibited this capability through numerous initiatives in its drive to build the world’s first Smart Nation,” said Ng Tian Beng, Vice President and Managing Director, South Asia and Korea, Dell.

50 Future-Ready Economies_Infographic

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