LAUSANNE, Switzerland /PRNewswire/
--
The USA continues
to top the ranking; Asia experiences
mixed results; large emerging economies mostly linger
IMD business school announces its
annual world competitiveness ranking. Ranking 61 economies in 2015,
the IMD World Competitiveness Center looked at several aspects of
each country/region as
a place to conduct business.
"A
general analysis of the 2015 ranking shows that top
countries/regions are
going back to the basics," said Professor Arturo
Bris, Director of the IMD World
Competitiveness Center. "Productivity and efficiency are in the
driver's seat of the competitiveness wagon. Companies are
increasing their efforts to minimize their environmental impact and
provide a strong organizational structure for workforces to
thrive."
Access results: http://www.worldcompetitiveness.com/press
Password: WCY15results
Ranking highlights
The USA remains
at the top of the ranking as a result of its strong business
efficiency and financial sector, its innovation drive and the
effectiveness of its infrastructure. Hong
Kong (2) and Singapore (3)
move up overtakingSwitzerland, which
drops to fourth place. Canada (5), Norway (7), Denmark (8), Sweden (9)
and Germany (10)
remain in the top 10. Luxembourg moves
to the top (6) from 11th place in 2014.
Results for Asia are
mixed. Malaysia (12
to 14), Japan (21
to 27), Thailand (29
to 30) and Indonesia (37
to 42) move down. Taiwan (13
to 11), Republic
of Korea (26 to 25)
and the
Philippines (42 to 41) slightly rise.
Current events in Russia (38
to 45) and Ukraine (49
to 60) highlight the negative impact that armed conflict and the
accompanying higher market volatility have on competitiveness.
A
pattern of decline is observed in Latin
America. Chile moves
from 31 to 35, Peru from
50 to 54, Argentina from
58 to 59 and Venezuela remains
at the bottom of the table. Colombia stays
at 51.
Among
large emerging economies, Brazil (54
to 56) and South
Africa (52 to 53) slightly
drop, Mainland China(23
to 22) and Mexico (41
to 39) experience improvements while India remains
at the same spot (44).
The
ranking highlights one particular commonality among the best
ranking countries/regions.
Nine countries/regions from
the top 10 are also listed in the top 10 of the business efficiency
factor.
Luxembourg experiences
one of the largest gains in this factor (14 to 4) which greatly
contributes to its ascendency. Qatar's
improvement (19 to 13) largely reflects its recovering in terms of
the business efficiency factor (24 to 11) due to increases in its
overall productivity. Greece's
recovery (57 to 50) also comes on a strong performance in business
efficiency. Germany's
retreat (6 to 10) is a reflection of its fall in business
efficiency (9 to 16). Likewise Indonesia's
decline is accompanied by a steep drop in the business efficiency
factor (22 to 34).
The IMD World Competitiveness Center is part of
IMD
IMD is
a top-ranked business school in Lausanne and Singapore,
recognized as the expert in developing global leaders through
high-impact executive
education.
Cross
reference: Picture is available at epa european pressphoto agency
(http://www.epa.eu) andhttp://www.presseportal.ch/de/pm/100006390/imd-international
CONTACT:
Matthew
Mortellaro, +41-21-618-0352 [email protected]