NAME CHANGE:In this year’s annual competitiveness report, the World Economic Forum called Taiwan ‘Chinese Taipei,’ rather than ‘Taiwan, China,’ for the first time

Taipei Times
Date: Sep 29, 2016
By: Crystal Hsu / Staff reporter

Taiwan’s global competitiveness climbed one notch to 14th place this year, although the overall scores remain unchanged, in line with the nation’s lackluster economic performance, a World Economic Forum (WEF) report said yesterday.

The WEF annual report assessed the competitiveness of 138 economies based on 114 indicators grouped in three sub-indices.

Taiwan scored 5.28 this year, the same as last year, after achieving small gains in financial market development and technological readiness ratings, the report said.

However, the nation posted modest declines in infrastructure, market size and other evaluation areas, the report said.     [FULL  STORY]