Top 20 most competitive countries and regions
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Hong Kong and the United States beat Singapore to take the first spot in an annual ranking of the world's most competitive countries and regions.
In the 2011 edition of the World Competitiveness Yearbook (WCY) released Tuesday by the Lausanne-based Institute for Management Development (IMD), Singapore slips two spots to rank as the third most competitive country in the ranking.
Taiwan and the Chinese mainland also maintain their presence on the top 20 list as No. 6 and No. 19 respectively.
Also in the rankings, Sweden jumps to 4th place, highlighting the competitiveness of the Nordic model. Germany shines and gains 6 ranks to 10th position thanks to buoyant exports and a more flexible labor market.
"The world of competitiveness becomes more national. 'World Competitiveness 2.0' is thus characterized by a greater self-reliance of countries. It increasingly emphasizes re-industrialization, exports, and a more critical look at delocalization," said IMD Professor Stéphane Garelli, Director of IMD's World Competitiveness Center.
"This trend is triggered by the rise in commodity and transport prices and higher labor costs in emerging economies. National champions are favored everywhere and borders re-surface – again!"
Following are the top 20 competitive countries and regions as ranked by IMD.
|
Rank 2011 |
Country/Region |
Score 2011 |
Rank 2010 |
|
1 |
Hong Kong |
100.00 |
2 |
|
1 |
USA |
100.00 |
3 |
|
3 |
Singapore |
98.6 |
1 |
|
4 |
Sweden |
94.1 |
6 |
|
5 |
Switzerland |
92.6 |
4 |
|
6 |
Taiwan |
92.0 |
8 |
|
7 |
Canada |
90.8 |
7 |
|
8 |
Qatar |
90.2 |
15 |
|
9 |
Australia |
89.3 |
5 |
|
10 |
Germany |
87.8 |
16 |
|
11 |
Luxembourg |
86.5 |
11 |
|
12 |
Denmark |
86.4 |
13 |
|
13 |
Norway |
86.3 |
9 |
|
14 |
Netherlands |
85.7 |
12 |
|
15 |
Finland |
84.4 |
19 |
|
16 |
Malaysia |
84.1 |
10 |
|
17 |
Israel |
81.6 |
17 |
|
18 |
Austria |
81.6 |
14 |
|
19 |
Chinese mainland |
81.1 |
18 |
|
20 |
UK |
8.03 |
22 |
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