 |
| No.3 June, 2012 |
|
| |
|
| |
Hong Kong: world's most competitive economy for second year running |
|
| |
|
|
| |
 Hong Kong is the world's most competitive economy for the second consecutive year, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook 2012.
Last year, Hong Kong and the US achieved the same score and were both rated by IMD as number one. This year Hong Kong's score has surpassed America, which is now in second place.
The IMD World Competitiveness Yearbook ranks the competitiveness of 59 economies around the world on the ability to create and sustain enterprise competitiveness.
The four competitiveness factors assessed are: economic performance, government efficiency, business efficiency and infrastructure. Each consists of five sub-factors.
According to the IMD World Competitiveness Yearbook 2012 released by the end of May, Hong Kong maintains its top position, followed by the US, Switzerland, Singapore and Sweden.
Among the four competitiveness factors assessed, Hong Kong continues to win in government efficiency and business efficiency, and remains fourth in economic performance. Analysed by sub-factor, Hong Kong ranks first in international trade, public finance, business legislation, finance, attitudes and values, as well as technological infrastructure.
The Financial Secretary, Mr John C Tsang, welcomed the IMD's high regard of Hong Kong. "Hong Kong is highly competitive vis-à-vis most other economies in the world, especially in terms of government efficiency, business efficiency and macroeconomic performance. In particular, openness to trade, rule of law, a business-friendly environment, sound fiscal policy, mature institutional framework, well-functioning financial market, and global city image are key factors underpinning Hong Kong's success.
Watch this video for an interesting report:
http://www.youtube.com/watch?v=jpnPb9b2Fe4 |
|
| |
|
|
|
| |
 |
|
|
| |
|
|
|
| |
|
|
|
|
|
