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. Some of the policy measures introduced have made Singapore less competitive, affected our competitivenness to latch onto new opportunities.

World Competitiveness Yearbook

Sign up for BT Newsletters Please wait. Treasury yield plumbs month low heading into new year holiday. Teh Shi Ning tshining sph. Do you want to save your changes? 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.

Hong Kong was the surprise of the year.

#UAE in #IMD World Competitiveness Yearbook

Economies are scored relative to the top economy, which is assigned a score of There is a constrained supply of real estate, commodities – so prices have to be high.


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.

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

In that sense, there is the sentiment that Singapore’s growth potential is reaching its ceiling,” he said. Aorld this article as keepsake. 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.

Economies nearby are catching up, Singapore has lost its competitive edge in some areas, real estate is extremely expensive.

IMD World Competitiveness Yearbook Ranking news and updates | Rappler

Oil slumps to first annual loss since to end turbulent year. Four Asian elections to watch out for in The level of productivity, in turn, sets the level of prosperity that can be reached by an economy” WEF, Nasa probe nears distant space rock for landmark flyby. 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.

Your information has been modified successfully. World Competitiveness Center Better understand world competitiveness Advance your knowledge of world competitiveness with the IMD Business School world competitiveness center Learn more.

Allianz Real Estate seeking to expand in Asean. Prof Bris thinks that this is inevitable. Those factors drew the fewest votes from executives polled by IMD on the characteristics they believe are most attractive about Singapore’s economy.


He added that both are now closing in on top-ranked US. A quiet start to could signal the bull market is still alive.

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

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. DBS economist Irvin Seah said: Impact of restructuring shows up on indicators of productivity and labour market.

Sharing this concern, Dr Chua said: 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.