Taiwan Places 12th in WEF’s Global Competitiveness Report.
E090909Y8・E090908Y8 Oct. 2009（E119）
According to WEF’s (World Economic Forum) Global Competitiveness Report, Taiwan moves up five places from the 17th to 12th overall. The World Bank’s Doing Business 2010 reports Taiwan’s position is up 15 places from 61st to 46th in the world. The Report attributes such significant progression to the fact that Taiwan abolishes the minimum capital requirement for company startups and provides online tax payment service.
WEF published the press release of “Global Competitiveness Rankings” on 8 September 2009, according to which, Taiwan ranks 12th among the 133 economies assessed in the Report, moving up 5 notches. This marks Taiwan’s best performance for the past four consecutive years. Taiwan places 4th among Asian countries, a position ahead of Korea but after Singapore, Japan, and Hong Kong.
This rise owes to Taiwan’s outstanding capacity to innovate (ranked 1st for patenting). Taiwan has other notable performance in state of cluster development (6th), government procurement of advanced tech products (7th), availability of scientists and engineers (7th), company spending on R&D (9th), university-industry collaboration in R&D (12th), and capacity for innovation (13th).
In the overall index of efficiency enhancers, Taiwan has competitive performance in the pillars of “higher education and training” (13th), “goods market efficiency” (14th), “market size” (17th), and “technological readiness” (18th). However, Taiwan should improve the efficiency of its “financial market sophistication” ranked 54th, but this ranking is actually a rise of 4 places compared with last year, which shows Taiwan government’s efforts in financial environment improvement.
In addition, for the other index of basic requirements, Taiwan still has a weakness on the pillar of “institution”. Also, dragged down by a generalized result of the global economic slowdown and public debts all on the rise for boosting the economy, Taiwan falls 7 places to the 25th for “macroeconomic situation”. Likewise, Taiwan has ranking drops on the pillar of “government debt” to the 79th and “government deficit” to the 57th.
|
2009 Global Competitiveness Rankings and Comparisons with 2008 | |||
|
Country/Economy |
2009 |
Change |
2008 |
|
Switzerland |
1 |
↑ |
2 |
|
United States |
2 |
↓ |
1 |
|
Singapore |
3 |
↑ |
5 |
|
Sweden |
4 |
‐ |
4 |
|
Denmark |
5 |
↓ |
3 |
|
Finalnd |
6 |
‐ |
6 |
|
Germany |
7 |
‐ |
7 |
|
Japan |
8 |
↑ |
9 |
|
Canada |
9 |
↑ |
10 |
|
Netherlands |
10 |
↓ |
8 |
|
Hong Kong |
11 |
‐ |
11 |
|
Taiwan |
12 |
↑ |
17 |
|
South Korea |
19 |
↓ |
13 |
|
China |
29 |
↑ |
30 |
|
India |
49 |
↑ |
50 |
|
Russia |
63 |
↓ |
51 |
| Source: WEF | |||
|
Taiwan’s Global Competitiveness Index in detail | ||||
|
Indicator |
2009 Rank |
2008 Rank |
2007 Rank |
Ranking |
| Global Competitiveness Index |
12 |
17 |
14 |
＋5 |
|
1. Basic Requirements |
18 |
20 |
19 |
＋2 |
|
(1) Institution |
38 |
40 |
37 |
＋2 |
|
(2) Infrastructure |
16 |
19 |
20 |
＋3 |
|
(3) Macroeconomic Stability |
25 |
18 |
26 |
－7 |
|
(4) Health and Primary Education |
15 |
20 |
6 |
＋5 |
|
2. Efficiency Enhancers |
17 |
18 |
17 |
＋1 |
|
(1) Higher Education and Training |
13 |
13 |
4 |
0 |
|
(2) Goods Market Efficiency |
14 |
14 |
17 |
0 |
|
(3) Labor Market Efficiency |
24 |
21 |
22 |
－3 |
|
(4) Financial Market Sophistication |
54 |
58 |
58 |
＋4 |
|
(5) Technological Readiness |
18 |
15 |
15 |
－3 |
|
(6) Market Size |
17 |
16 |
16 |
－1 |
|
3. Innovation and Sophistication Factors |
8 |
8 |
10 |
0 |
|
(1) Business Sophistication |
13 |
12 |
14 |
－1 |
|
(2) Innovation |
6 |
7 |
9 |
＋1 |
| Note: 133 countries/economies evaluated in year 2009 Source: http://www.weforum.org/ | ||||
/CCS
