Taiwan News
Date: 2018/10/18
By:  Central News Agency

View from Taipei Double Decker Sightseeing Bus (Photo/Taipei City Government)

Taiwan remains 13th in the World Economic Forum’s (WEF’s) Global Competitiveness Report 2018, as well as fourth in East Asia and the Pacific.

In the competitiveness rankings among countries in East Asia and the Pacific, Taiwan finished behind Singapore (2nd overall), Japan (5th) and Hong Kong (7th) but ahead of Australia (14th), South Korea (15th) and New Zealand (18th).

Taiwan was also one of only four countries among the 17 economies in East Asia and the Pacific to remain in the same position as in last year’s rankings, along with Singapore, Hong Kong and China (28th).

In its Global Competitiveness Index 4.0 2018 rankings, the WEF assessed the competitiveness of 140 economies based on 98 indicators organized into 12 pillars.
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