Radio Taiwan International
Date: 2018-05-24

Taiwan has dropped to 17th in global competitiveness as ranked by the Swiss-based International Institute for Management Development (IMD) for 2018. That’s down three notches from last year.

This marks the first time that Taiwan’s ranking has lagged behind China, which improved five spots to 13th this year. It is also Taiwan’s worst performance in nine years since 2009.

The IMD rated 63 economies based on an analysis in four categories: economic performance, government efficiency, business efficiency and infrastructure performance. This year, Taiwan was ranked 20th in business efficiency, down five notches from last year, and 14th in economic performance, down two places. As for government efficiency, Taiwan fell two spots to 12th, and infrastructure performance was down one place to 22nd.

National Development Council deputy minister Chiou Jiunn-rong however said on Thursday that a drop in ranking does not mean there is no progress in these areas.
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