2018. május 23., szerda 20:00 |
The US overtakes Hong Kong at first place among world's most competitive economies |
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Lausanne, Switzerland, 23 May, 2018 (APA/OTS) - Marking its 30th edition, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions - that the countries on the top of the list each have a unique approach to becoming competitive. |
The top five most competitive economies remain the same as the
previous year but their order changes. The United States returns to
#1, followed by Hong Kong, Singapore, the Netherlands and
Switzerland. The return of the United States to the top is driven by
its strength in economic performance (1st) and infrastructure (1st).
Hong Kong takes a somewhat different approach exploiting its
government efficiency (1st) and business efficiency (1st).
The Netherlands moves one place to 4th, while Switzerland moves
down to 5th. The Netherlands' advancement shows a "balanced" path to
competitiveness, ranking in the top 10 in economic performance,
government and business efficiency. Switzerland declines mainly due
to a slowdown in exports and an increase in perceptions about
threats of relocation of R&D facilities.
Denmark, Norway and Sweden rank 6th, 8th and 9th respectively. The
UAE (7th) and Canada (10th) close the top of the rankings.
Other economies that significantly advanced this year are Austria
(18th) and China (13th). Professor Arturo Bris, Director of the IMD
World Competitiveness Center, says "economic growth, reduction of
government debt and increased business productivity enable Austria
to move up. For China, investment in physical and intangible
infrastructure as well as improvement on some institutional aspects
such as the legal and regulatory framework boost its performance."
Bris notes that "this year's results reinforce a crucial trait of
the competitiveness landscape. Countries undertake different paths
towards competitiveness transformation." He adds "countries at the
top of the rankings share an above the average performance across
all competitiveness factors, but their competitiveness mix varies.
One economy, for example, may build its competitiveness strategy
around a particular aspect such as its tangible and intangible
infrastructure; another may approach competitiveness through their
governmental efficiency."
About IMD: IMD is an independent business school, with Swiss roots
and global reach, expert in developing leaders and transforming
organizations to create ongoing impact.
For the last 7 consecutive years, IMD has been ranked TOP 3 in
executive education worldwide - FIRST in open programs (Financial
Times 2012-2018) www.imd.org
Picture is available at AP Images (http://www.apimages.com)
Media Contact/Interviews:
Aicha Besser IMD business school, Global Media Relations Tel: +41 21 618 0507 aicha.besser@imd.org
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