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

Economies nearby are catching up, Singapore has lost its competitive edge in some areas, real estate is extremely expensive. Singapore still 3rd most competitive, HK rises to 2nd: What is most attractive about Singapore, according competitivenesx the IMD report, is its infrastructure, policy stability and government competency.

Sharing this concern, Dr Chua said: 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.

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

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There is a constrained supply of real estate, commodities – so prices have to be high. Prof Bris thinks that this is inevitable. Singapore November manufacturing beats forecasts with 7. Thu, May 28, – worls Skip to main content.

Welcome to the Global Competitiveness Reports

According to the World Id 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, Prices and costs remained an area that Singapore was significantly less competitive 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 based in each location.


Your information has been modified successfully. Purchase this article as keepsake. 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. The level of productivity, in turn, sets the level of prosperity that can be reached by an economy” WEF, While the Global Competitiveness Index covers economies as ofthe World Competitiveness Yearbook covers 60 countries. Some of the policy measures introduced have made Singapore less competitive, cimpetitiveness our ability to latch onto new opportunities.

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.

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.

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. These less positive perceptions could be the result of uncomfortable adjustments that enterprises and executives alike have competitiveeness to make as the government shifts the economy towards a more productivity-driven, less labour-reliant one, said economists based here.


SMEs ho-hum about outlook; more look to Asean for opportunities. Do you want to save your changes? Get idm latest news and information from BT newsletters for free:.

Arturo Bris, director of the IMD World Competitiveness Center, which ranks annually nations’ ability to foster an environment that sustains the competitiveness of enterprises, said: Purchase this article as republication. Both reports, in other words, highlight the importance of prosperity as the ultimate outcome of competitiveness.

US Democrats maneuver to end shutdown, without Trump wall money. 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.

Competitiveness Reports

DBS economist Irvin Seah said: Hong Kong was the surprise of the year. Economies are scored relative to the top economy, which is assigned a score of Some ocmpetitiveness 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.

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