Not COMPETITIVE? The nation’s position in an annual report was undermined by a deterioration of its business efficiency score and a sharp fall in that of the labor market

Taipei Times
Date: May 25, 2018
By: Crystal Hsu  /  Staff reporter

Taiwan this year fell three places to 17th in a global competitiveness ranking by Lausanne, Switzerland-based International Institute for Management Development (IMD).

It was the lowest ranking since 2009, after Taiwan lost points in the areas of economic performance, foreign investment and the labor market, the business school said in its annual report.

The result placed Taiwan behind major trade rivals Hong Kong, Singapore and China, although it managed to stay ahead of South Korea and Japan.

The school graded 63 economies in terms of economic performance, government and business efficiency and infrastructure.    [FULL  STORY]