By: Tang Pei-chun, Chen Cheng-wei and Y.F. Low
Brussels, May 31 (CNA) Taiwan has been ranked 14th in global competitiveness by the International Institute for Management (IMD) for 2017, the same position as last year.
Hong Kong and Switzerland remained the two most competitive economies worldwide, followed by Singapore, the United States and the Netherlands, according to the 2017 IMD World Competitiveness Ranking published on Wednesday.
Taiwan was rated 14th out of the 63 economies covered by the annual report and was third among Asian economies, behind Hong Kong and Singapore.
Economies are ranked based on an analysis of more than 340 criteria grouped in four main categories: economic performance, government efficiency, business efficiency and infrastructure. [FULL STORY]