9. IMD WORLD COMPETITIVENESS YEARBOOK IMD WORLD COMPETITIVENESS YEARBOOK 8. The World Competitiveness. ( rankings. The IMD World Competitiveness Yearbook measures how well 61 countries manage all their resources and competencies to facilitate. IMD, a top-ranked global business school based in Switzerland, today [22 May ] announced its annual world competitiveness ranking.

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Singapore still 3rd most competitive, HK rises to 2nd: The level of productivity, in turn, sets the level of prosperity that can be reached by an economy” WEF, He thinks Singapore risks losing its competitiveness standing competitiveness just to Hong Kong, but also to other fast-growing, emerging Asian cities such as Shanghai, in future.

IMD World Competitiveness Yearbook Results

Purchase this article as republication. First, criteria are comprised in the World Competitiveness Yearbook compared to less than in the Global Competitiveness Report. Four Asian elections to watch out for in SMEs ho-hum about outlook; more look to Asean for opportunities. Search for publications, programs, event, people and much more This difference is due to the availability of hard data as it is nearly impossible to gather any hard data for many of the world’s economies.

#UAE in #IMD World Competitiveness Yearbook

Get the latest news and information from BT newsletters for free:. Stay up to date with The Business Times for. Singapore November manufacturing beats forecasts with 7. Allianz Real Estate seeking to expand in Asean.

Prof Bris thinks that this is inevitable. As Mattis exits, he tells US competitiveneess to keep “faith in our country”. Sharing this concern, Dr Chua said: On productivity and efficiency, Singapore ranked 12th compared to Hong Kong’s sixth – paling in comparison on measures such as the productivity of small and medium enterprises and workforce productivity. Treasury yield plumbs month low heading into new year holiday.

Economies are scored relative to the workd economy, which is assigned a score of World Competitiveness Center Better understand world competitiveness Advance your knowledge of world competitiveness with the IMD Business School world competitiveness center Learn more.


He added that both are now closing in on top-ranked US. Centennial Asia economist Manu Bhaskaran said that attention should be paid to perceptions of the key factors that make the economy attractive too.

Purchase this article as keepsake. Thu, May 28, – 5: Singapore’s score rose to 95, from 91 last year, while Hong Kong’s rose to 96 from The Global Competitiveness Report — Nasa probe nears distant space rock for landmark flyby. Hong Kong was the surprise of the year. Those factors drew the fewest votes from executives polled by IMD on the characteristics they believe are most attractive about Singapore’s economy. There is a constrained supply of real estate, commodities – so prices have to be high.

US Democrats maneuver to end shutdown, without Trump compeyitiveness money. Arturo Bris, director of the IMD World Competitiveness Competutiveness, which ranks annually nations’ ability to foster an environment that sustains the competitiveness of enterprises, said: These less positive perceptions could be the result of uncomfortable adjustments that enterprises and executives alike have had to make as the government shifts the economy towards a more productivity-driven, less labour-reliant one, said economists based here.

Restrictive labour regulations, tight property measures and high operating costs are probably hurting competitiveness and investments,” said Bank of America Merrill Lynch economist Chua Hak Bin.

World Competitiveness Yearbook

Some of the IMD World Competitiveness Yearbook’s indicators of business efficiency, for which Singapore lags behind Hong Kong, speak both of the reasons for and impact of ongoing economic restructuring. Both reports, in other words, highlight the importance of prosperity as the ultimate outcome of competitiveness.

Teh Shi Ning tshining sph. Impact of restructuring shows up on indicators of productivity and labour market. DBS economist Irvin Seah said: Sign up for BT Newsletters Please wait.

Oil slumps to first annual loss since to end turbulent year. What is most attractive about Singapore, according to the IMD report, is its infrastructure, policy stability and government competency. While the Global Competitiveness Index covers economies as ofthe World Competitiveness Yearbook covers 60 countries. Prices and costs remained an area that Singapore was significantly less competitive in.


Singapore has again been ranked the world’s third most competitive economy by business school IMD, but lost its top spot on the Asia Pacific ranking to Hong Kong, which also by-passed Switzerland in its rise from fourth to second place in the world rankings. Skip to main content. On the other hand, an approach based almost entirely on hard data produces a more objective competitiveness index. According to the World Competitiveness Yearbook, competitiveness is the “ability of a nation to create and maintain an environment that sustains more value creation for its enterprises and more prosperity for its people” IMD World Competitiveness Center, But this was already an improvement over its ranking of 15th in IMD’s report said Singapore’s labour market trailed Hong Kong on factors such as the availability of finance skills, competent senior managers, and international experience, as well as apprenticeships, working hours and worker motivation.

The impact of the focus on different types of data is imv in the sample size of both publications. Hard data that can be measured – such as GDP – accounts for two thirds of the overall ranking, while the remaining third is drawn from IMD’s survey of executives based in each location.

Economies nearby are catching up, Singapore has lost its competitive edge in some areas, real estate is extremely expensive. In that sense, there is the sentiment that Singapore’s growth potential is reaching its ceiling,” he said. He also noted that the areas in which Singapore’s competitiveness declined tended to be “softer” ones such as attitudes to globalisation, corporate values and management practices, which draw from survey data.

Singapore’s labour market was ranked 11th, versus Hong Kong’s third.