Back to list

Taiwan remains 13th in WEF global competitiveness rankings

2018/10/17 08:21:31

Taipei, Oct. 17 (CNA) Taiwan remains 13th in the World Economic
Forum's (WEF's) Global Competitiveness Report 2018, as well as fourth
in East Asia and the Pacific.
In the competitiveness rankings among countries in East Asia and
the Pacific, Taiwan finished behind Singapore (2nd overall), Japan
(5th) and Hong Kong (7th) but ahead of Australia (14th), South Korea
(15th) and New Zealand (18th).
Taiwan was also one of only four countries among the 17 economies
in East Asia and the Pacific to remain in the same position as in last
year's rankings, along with Singapore, Hong Kong and China (28th).
In its Global Competitiveness Index 4.0 2018 rankings, the WEF
assessed the competitiveness of 140 economies based on 98 indicators
organized into 12 pillars.
The pillars are: "Institutions," "Infrastructure," "ICT adoption,"
"Macroeconomic stability," "Health," "Skills," "Product market,"
"Labor market," "Financial system," "Market size," "Business dynamism"
and "Innovation capability."
Taiwan shared first place in the "Macroeconomic stability" pillar
along with 31 other countries and 27th in "Health" with four others.
Taiwan made it into the top 10, ranking seventh and fourth for
"Financial system" and "Innovation capability," where the top
performers were the U.S. and Germany, respectively.
Taiwan ranked 25th, 22nd and 13th in the "Institutions,"
"Infrastructure" and "ICT adoption" pillars, where the best performers
were New Zealand, Singapore and South Korea, respectively.
It ranked 21st, 18th, 16th, 20th and 21st in "Skills," "Product
market," "Labour market," "Market size" and "Business dynamism," where
the best performers were Finland, Singapore, the United States, China,
and the U.S., respectively.
(By William Yen)