Using the US as a benchmark, Singapore offers a 22.3% advantage overall, based on an analysis of 27 key costs over a 10-year planning horizon.
Canada leads the G7 countries with a 5.5% advantage, while the UK is being overtaken by European rivals (with the exception of high-cost Germany). Both Japan and Germany have an overall cost disadvantage to the US of about 7%.
The UK is the most competitive for manufacturing costs (but only fifth overall), while Singapore's cost advantage is in software - thanks to its lower labour costs. Among cities, New York has the highest overall business costs, followed by Frankfurt and London.
2006 Competitive Alternatives
Review by Steve Lodge.