Friday, August 23, 2013

Taiwan’s world competitiveness rankings declining

l  According to the Switzerland-based International Institute for Management and Development (IMD), Taiwan was ranked 11th in the 2013 global competitiveness ranking.

l  It was a five-notch drop from 2012. Taiwan’s decline in competitiveness was primarily because of the island’s weak domestic economy and a listless job market.

l  Meanwhile, Taiwan remained in third place in the Asia Pacific for the third consecutive year—behind only Honk Kong and Singapore.