Taiwan lags in ‘institutions’ category of competitiveness reports

Focus Taiwan
Date: 2016/10/17
By: Chen Cheng-wei and Lilian Wu

Taipei, Oct. 17 (CNA) Taiwan has not performed well in the “institutions ” category of the World Economic Forum’s (WEF) Global Competitiveness Report over the past five years, the National Development Council (NDC) said Monday.

The “institutions” category rates public institutions, such as ethics and corruption, public trust in politicians, undue influence such as judicial independence.

Corporate ethics and the accountability of private institutions are also gauged.

In the “institutions” category, the ranking dropped to 30th place this year mainly because Taiwan is deemed to have too many administrative laws and regulations, and the government has been spending lavishly. The legal efficiency in solving business disputes and judicial independence also needs to be improved, according to WEF.     [FULL  STORY]

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