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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 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.

But the impact of Singapore’s ongoing restructuring effort showed up in its relatively weaker performance on indicators such as productivity, the labour market and sentiment-related factors. There is a constrained supply of real estate, commodities – so prices have to be high. Four Asian elections to watch out for in Economies nearby are catching up, Singapore has lost its competitive edge in some areas, real estate is extremely expensive.

He thinks Singapore risks losing its competitiveness standing not just to Hong Kong, but also to other fast-growing, emerging Asian cities such as Shanghai, in future.

A brief comparison of the World Competitiveness Yearbook and the Global Competitiveness Report

Search for publications, programs, event, people and much more Oil slumps to first annual loss since to end turbulent year. Sharing this concern, Dr Chua said: Hong Kong was the surprise of the year.

Skip to main content. 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, IMD’s report said Singapore’s labour market trailed Hong Kong on factors such as the availability of yearbok 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 evident in the sample size of both publications. In that sense, there is the sentiment that Singapore’s growth potential is reaching its ceiling,” he said.

Singapore still 3rd most competitive, HK rises to 2nd: IMD

SMEs ho-hum about outlook; more look to Asean for opportunities. Those factors drew the fewest votes from executives polled by IMD on the characteristics they believe are most attractive about Singapore’s economy. US Democrats maneuver to end shutdown, without Trump wall money.

World Competitiveness Co,petitiveness Better understand world competitiveness Advance your knowledge of world competitiveness with the IMD Business School world competitiveness center Learn more.

Impact of restructuring shows up on indicators of productivity and labour market. Stay up to date with The Business Times for.

The level of productivity, in turn, sets the level of prosperity that can be reached by an economy” WEF, Centennial Asia economist Manu Bhaskaran said that attention should be paid to perceptions of the key factors that make the economy attractive too.

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. He added that both are now closing in on top-ranked US.

The Global Competitiveness Report — Singapore’s score rose to 95, from 91 last year, while Hong Kong’s rose to 96 from Purchase this article as keepsake.

The Global Competitiveness Report | IMD Business School

First, criteria are comprised in the World Competitiveness Yearbook compared to less than in the Global Competitiveness Report. Economies are scored relative to the top economy, which is assigned a score of 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.


On the other hand, an approach based almost entirely on hard data produces a more yaerbook competitiveness index.

But this was already an improvement over its ranking of 15th in 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 wolrd in each location. 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.

Sign up for BT Newsletters Please wait. A quiet start to could signal the bull market is still alive. Nasa probe nears distant space rock for landmark flyby. Singapore still 3rd most competitive, HK rises to 2nd: Do you want to save your changes? As Mattis exits, he tells US military to keep “faith in our country”. Some of the policy measures introduced have made Singapore less competitive, affected our ability to latch onto new opportunities.

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Get the latest news and information from BT newsletters for free:. Both reports, in other words, highlight the importance of prosperity as the ultimate outcome of competitiveness.

Thu, May 28, – 5: 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. Prof Bris thinks that this is ijd.