OTS - New competitive global elite emerges in IMD business school's latest world competitiveness ranking
2017. June 01. 08:00
Lausanne, Switzerland, 1 June, 2017 (APA/OTS) - The world's most
competitive countries continue to jostle for the top positions in
the 2017 IMD World Competitiveness Yearbook, as the USA is pushed
out of the top three.
Hong Kong has consolidated its dominance of the annual rankings
compiled by the IMD World Competitiveness Center, taking the top
spot for the second year. Switzerland and Singapore came in second
and third, with the USA ranking fourth, its lowest position in five
years and down from third last year. The Netherlands completed the
top five, jumping up from eighth last year.
The IMD World Competitiveness Center, a research center at IMD
business school in Switzerland, has published the rankings every
year since 1989. It compiles them using 260 indicators. This year
63 countries are ranked with Cyprus and Saudi Arabia making their
first appearance.
Professor Arturo Bris, Director of the IMD World
Competitiveness Center, said the indicators that stood out among
the most improved countries are related to government and business
efficiency as well as productivity.
"These countries have maintained a business-friendly
environment that encourages openness and productivity," he said.
"If you look at China, its improvement of seven places to 18th can
be traced to its dedication to international trade. This continues
to drive the economy and the improvement in government and business
efficiency."
The bottom of the table, meanwhile, is largely occupied by
countries experiencing political and economic upheaval.
Introducing the Digital Competitiveness Ranking
For the first time this year, the IMD World Competitiveness
Center is publishing a separate report ranking countries' digital
competitiveness. The new Digital Competitiveness Ranking aims to
measure countries' ability to adopt and explore digital
technologies leading to transformation in government practices,
business models and society in general.
At the top of the ranking is Singapore, followed by Sweden, the
USA, Finland and Denmark. "There is no doubt that supportive and
inclusive government institutions help technological innovation,"
said Bris.
"Singapore and Sweden have developed regulation that takes
advantage of the talent they have by adopting, for instance,
regulation that facilitates the inflow of overseas talent which
complements the locally available pool. The US invests more in
developing its scientific concentration and generating ideas but
the country has a history of government support for technological
innovation. This shows that in digitally competitive countries, the
government must facilitate the adoption of new technologies.
About IMD
IMD is a top-ranked business school, expert in developing
leaders, transforming organizations and creating immediate and
long-term positive impact. IMD is based in Lausanne, Switzerland,
and Singapore. www.imd.org
Media Contact:
Aicha Besser, +41.21.618.0507, Aicha.besser@imd.org
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