PHThe International Institute for Management Development (IMD) evaluated 64 economies for this year's World Competitiveness Ranking based on more than 300 indicators in four main categories: economic performance, government efficiency, corporate efficiency, and infrastructure. Hard data, which makes up two thirds of the final ranking, and survey results, which make up the final third of the results, make up the indicators.
The accompanying graph demonstrates how the ranking includes significant portions of both Europe and North America while leaving certain blank spaces in South America, Asia, and, most significantly, Africa, where only two African economies were assessed this year. The top 10 economies in the competitiveness list are all led by European economies, including the top three positions, as in previous years.
While Asia also has three economies in the top 10, its largest economies China, India, Japan and South Korea are notably absent. Instead it’s Singapore, Taiwan and Hong Kong who reach the highest scores in the region.
The accompanying graph demonstrates how the ranking includes significant portions of both Europe and North America while leaving certain blank spaces in South America, Asia, and, most significantly, Africa, where only two African economies were assessed this year. The top 10 economies in the competitiveness list are all led by European economies, including the top three positions, as in previous years.
While Asia also has three economies in the top 10, its largest economies China, India, Japan and South Korea are notably absent. Instead it’s Singapore, Taiwan and Hong Kong who reach the highest scores in the region.