Marking your thirtietht This 12 months’s edition of the IMD World Competitiveness Rankings highlights a long-term trend that has been highlighted in previous editions – the countries at the highest of the list are taking unique approaches to increasing their competitiveness.
The world’s five best economies remained the identical as last 12 months, but their order modified.
The United States returns to first place, followed by Hong Kong, Singapore, the Netherlands, and Switzerland. The United States is up three spots from last 12 months, while Hong Kong drops one spot and Singapore stays in third.r & d.
The United States’ return to the highest is as a consequence of the strength of its economic performance (1saint) and infrastructure (1saint). Hong Kong takes a rather different approach, leveraging the efficiency of its government (1saint) and business efficiency (1saint).
The Netherlands moved up one place to 4th.tswapping with Switzerland, which drops to fifth placet. The Netherlands’ progress shows a “sustainable” path to competitiveness, rating in the highest ten for economic performance, government efficiency and business. Switzerland’s decline is principally as a consequence of a slowdown in exports and, to a lesser extent, a rise within the perception of risks related to relocating R&D facilities.
The remaining places in the highest ten are mainly occupied by Nordic countries: Denmark, Norway and Sweden are in sixth placet8t and 9t respectively. These countries show strong performance when it comes to the general productivity of the private sector and its management practices.
UAE (7t) and Canada (10t) close the highest of the rating.
Other high-productivity economies have made even greater progress this 12 months.
What is price noting is that Austria (18t) and China (13t) significantly improved their positions, by seven and five places respectively.
Professor Arturo Bris, director of the IMD World Competitiveness Center, says that “economic growth, reduction of public debt and increased business productivity are allowing Austria to advance. In the case of China, investments in physical and intangible infrastructure in addition to improvements in some institutional features, equivalent to the legal and regulatory framework, are increasing its efficiency.”
Below is the classification and regional performance of Southeast Asian countries in accordance with this index:
Notes: The IMD World Competitiveness Ranking presents the general rating of the 63 economies covered by the 2018 WCY. Economies are ranked from most to least competitive, with results from the previous rating (2017) given in parentheses.
The results displayed are literally indexes (from 0 to 100) generated for the unique purpose of making charts and graphics.
Source : https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2018/
