Taiwan rose one spot to No. 17 and stayed in third place in Asia in this year's World Talent Ranking compiled by the Switzerland-based International Institute for Management Development (IMD), according to its report published yesterday.
In Asia, Taiwan trailed behind Hong Kong, which ranked fourth globally, and Singapore, which was in seventh place, according to the report.
Photo: EPA-EFE
In the sub-categories, Taiwan stood in 21st place for investment and development, 16th for appeal and 11th for readiness, among the 69 economies ranked by the institution.
The sub-categories assess the state of investment and development of home-grown talent, the nation's appeal to local and overseas talent, and the degree of skills and competencies that exist in the talent pool respectively.
The report stated that financial security and tangible benefits are the most-frequently cited drivers for international relocation in the post-COVID-19 era, as geopolitical instability, inflation and cost-of-living pressures reshape executives' willingness to relocate abroad.
Globally, Switzerland maintained its decade-long dominance in the rankings, followed by Luxembourg and Iceland.
Rounding out the top five in the world are Hong Kong and the Netherlands.
Sweden, Singapore, Denmark, the United Arab Emirates and Austria followed in sixth to 10th place.
The IMD is an independent academic institute "with close ties to business and a strong focus on impact," its official Web site says.
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