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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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. In that sense, there is the sentiment that Singapore’s growth potential is reaching its ceiling,” he said. 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, Four Asian elections to watch out for in World Competitiveness Center Better understand world cojpetitiveness Advance your knowledge of world competitiveness with the IMD Business School world competitiveness center Learn more.

Singapore’s labour market was ranked 11th, versus Hong Kong’s third. Stay up to date with The Business Times for.

World Competitiveness Yearbook

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. While the Global Competitiveness Index covers economies as ofthe World Competitiveness Yearbook covers 60 countries. SMEs ho-hum about outlook; more look to Asean for opportunities. 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 cojpetitiveness the Asia Pacific ranking to Hong Kong, which also by-passed Switzerland in its rise from fourth to second place in the world yerbook.

US Democrats maneuver to end shutdown, without Trump wall money. Economies nearby are catching up, Singapore has lost its competitive edge in some areas, real estate is extremely expensive.

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.

Teh Shi Ning tshining sph. Thu, May 28, – 5: Treasury yield plumbs month low heading into new year holiday. Economies are scored relative to the top economy, which is assigned a score of Purchase this article as republication.

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Singapore November manufacturing beats forecasts with 7. The level of productivity, in turn, sets the level of prosperity that can be reached by an economy” WEF, On the other hand, an approach based almost entirely on hard data produces a more objective competitiveness index. Some of the competitivdness measures introduced have made Singapore less competitive, affected our ability to latch onto new opportunities.

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. Sharing this concern, Dr Chua said: DBS economist Irvin Seah said: Skip to main content. Allianz Real Estate seeking to expand in Asean.


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.

What is most attractive about Singapore, according to the IMD report, is its infrastructure, policy stability and government competency.

Impact of restructuring shows up on indicators of productivity and labour market. Singapore’s score rose to 95, from 91 last year, while Hong Kong’s rose to 96 from But the copetitiveness 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.

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

Competitiveness Reports

Oil slumps to first annual loss since to end turbulent year. First, criteria are comprised in the World Competitiveness Yearbook compared to less than in the Global Competitiveness Report. Purchase this article as keepsake. Those factors drew the fewest votes from executives polled by IMD on the characteristics they believe are most attractive about Singapore’s economy.

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.

Arturo Bris, competiticeness of the IMD World Competitiveness Center, which ranks annually nations’ ability to foster an environment that sustains the competitiveness of enterprises, said: Do you want to save your changes?