IMD Business School Releases its 2014 World Competitiveness Yearbook Ranking - 21 News Now, More Local News for Youngstown, Ohio -

IMD Business School Releases its 2014 World Competitiveness Yearbook Ranking

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE IMD International

LAUSANNE, Switzerland, May 22, 2014 /PRNewswire/ --

The US leads, Europe recovers, and big emerging markets struggle 

IMD, a top-ranked global business school based in Switzerland, today announced its annual world competitiveness ranking. As part of its ranking of 60 economies for 2014, the IMD World Competitiveness Center also looks at perceptions of each country as a place to do business.

     (Logo: http://photos.prnewswire.com/prnh/20140522/687031-a )
     (Photo: http://photos.prnewswire.com/prnh/20140522/687031-b )
     (Photo: http://photos.prnewswire.com/prnh/20140522/687031-c )

"The overall competitiveness story for 2014 is one of continued success in the US, partial recovery in Europe, and struggles for some large emerging markets," said Professor Arturo Bris, Director of the IMD World Competitiveness Center. "There is no single recipe for a country to climb the competitiveness rankings, and much depends on the local context."

Highlights of the 2014 ranking 

The US retains the No. 1 spot in 2014, reflecting the resilience of its economy, better employment numbers, and its dominance in technology and infrastructure.

There are no big changes among the top ten. Small economies such as Switzerland (2), Singapore (3) and Hong Kong (4) continue to prosper thanks to exports, business efficiency and innovation.

Europe fares better than last year, thanks to its gradual economic recovery. Denmark (9) enters the top ten, joining Switzerland, Sweden (5), Germany (6) and Norway (10). Among Europe's peripheral economies, Ireland (15), Spain (39) and Portugal (43) all rise, while Italy (46) and Greece (57) fall.

Japan (21) continues to climb in the rankings, helped by a weaker currency that has improved its competitiveness abroad. Elsewhere in Asia, both Malaysia (12) and Indonesia (37) make gains, while Thailand (29) falls amid political uncertainty.

Most big emerging markets slide in the rankings as economic growth and foreign investment slow and infrastructure remains inadequate. China (23) falls, partly owing to concerns about its business environment, while India (44) and Brazil (54) suffer from inefficient labor markets and ineffective business management. Turkey (40), Mexico (41), the Philippines (42) and Peru (50) also fall.

A matter of perception: Countries' images abroad 

Seven of the top 10 countries in the overall ranking for 2014 are also in the top 10 for having an image abroad that encourages business development, according to an IMD survey of executives based in each of these countries. In general there is a strong correlation between a country's overall competitiveness ranking and its international image as a place to do business (see table).

Executives in Singapore are most bullish on their country's overseas image, while Ireland, Chile, Qatar and South Korea are all far higher on this criterion than in the overall ranking.

By contrast, executives in the US, France, Taiwan and Poland are far gloomier about their countries' international images. The US results may reflect international conflicts and domestic political gridlock, while perceptions of France continue to be colored by slow reforms and the country's negative attitudes toward globalization.

"While economic performance changes from year to year, perceptions are longer-term and shift more gradually. They can also lead to a virtuous circle of better image and better economic performance," Bris said. "So how executives feel their country is being perceived is a potentially useful guide to future competitiveness developments there."

The IMD World Competitiveness Yearbook ranking reflects more than 300 criteria, based on statistical indicators and on an IMD survey of 4,300 international executives. Published since 1989, the World Competitiveness Yearbook is recognized as the leading annual report on the competitiveness of nations.

CONTACT  

Matthew Mortellaro, +41-21-618-0352, matthew.mortellaro@imd.org


©2012 PR Newswire. All Rights Reserved.

  • More From wfmj.comMore>>

  • As US economy accelerates, Fed remains cautious

    As US economy accelerates, Fed remains cautious

    Thursday, July 31 2014 7:39 AM EDT2014-07-31 11:39:42 GMT
    After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.More >>
    After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.More >>
  • Deadly Israeli strikes hit UN school, market area

    Deadly Israeli strikes hit UN school, market area

    Wednesday, July 30 2014 8:26 PM EDT2014-07-31 00:26:47 GMT
    A Palestinian health official says 13 people were killed after tank shells hit a U.N. school in Gaza where hundreds of Palestinians had taken refuge from Israeli attacks.More >>
    Israeli artillery shells tore through the walls of a U.N. school crowded with sleeping war refugees and back-to-back explosions rocked a market filled with shoppers Wednesday as Israel's stepped up campaign against...More >>
  • Suing Obama: GOP-led House gives the go-ahead

    Suing Obama: GOP-led House gives the go-ahead

    Wednesday, July 30 2014 7:49 PM EDT2014-07-30 23:49:43 GMT
    Republicans are ready to muscle legislation through the House authorizing an election-year lawsuit against President Barack Obama that accuses him of exceeding his powers in enforcing his health care law.More >>
    A sharply divided House approved a Republican plan Wednesday to launch a campaign-season lawsuit against President Barack Obama, accusing him of exceeding the bounds of his constitutional authority. Obama and other...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms