Taiwan's competitiveness has moved up for the year in terms of its world and its Asia rankings, according to the most recent World Competitiveness Book, issued Tuesday by the International Institute for Management Development (IMD) based in Lausanne, Switzerland.
Among countries and areas with a population of more than 20 million, Taiwan's competitiveness has moved to the world's fourth position from sixth last year, the report shows.
Taiwan is also the fourth-most competitive country in Asia this year, lagging behind only Singapore, Australia and Hong Kong and representing a one-notch advance from its last year ranking.
China is listed ninth in the region, one place down from last year's level. Japan and South Korea occupy eighth and 12th spots in the region's competitiveness, both registering falls from last year's places.
Taiwan's global competitiveness jumped to the world's 12th spot from last year's 17th, among the 60 major countries surveyed, the report points out. The US leads other countries on the list, while Singapore ranks second.
In terms of economic performance, Taiwan's ranking jumps to the world's 24th spot from last year's 33rd, while its government efficiency ranking moves to the world's 18th place from 20th last year.
Taiwan's listings in business efficiency and infrastructure also rise to the world's 7th place and 20th place, up from 11th and 23rd for last year, respectively.
Taiwan is also strong in patent rights production and in credit card issuance numbers and market adaptation, the IMD report discovers.
RSS