IMD World Competitiveness Center’s Post

Great to see Switzerland number 2 in the world competitiveness ranking by IMD for 2024! And congratulations to Singapore for ranking number 1! AI reflection: AI is not going anywhere, however competitiveness includes a much wider scope, including sustainability goals. #imd #Switzerland #Sustainability #AI

Indonesia's overall performance now ranks 27th among 67 other countries, marking an improvement of 7 positions from 2023. However, there are still several challenges that need to be addressed: 1. Economic Performance: Score of 54.3, ranked 24th. There is a need for a clear direction in our macroeconomic policy, whether it is expansionary or contractionary. 2. Government Efficiency: Score of 57.5, ranked 23rd. It is important to ensure the continuation of bureaucracy reform. 3. Business Efficiency: Score of 71.4, ranked 14th. There is a need to clarify state spending priorities. 4. Infrastructure: Score of 34.6, ranked 52nd. Improving the legal infrastructure to tackle corruption is crucial. 5. The domestic economy improved to 10th, while international trade, international investment, and employment decreased to 50th, 36th, and 32nd respectively. The price position is steady at 12th. Enhancing new sources of economic growth and employment opportunities through increased productivity and innovation is essential. This information was provided by Lembaga Management, FEB, Universitas Indonesia (LM FEB UI (The Management Institute)) in Jakarta, and NuPMK Consulting in Jakarta.

The World Competitiveness Ranking from IMD World Competitiveness Center is out! This comprehensive annual report has become a key benchmark for understanding global economic competitiveness. Dive into the insights and see how countries are performing on the world stage. What are executives’ top concerns for their businesses? Get inspired! #Competitiveness #GlobalEconomy #IMD #Leadership #Innovation

IMD Global Competitiveness Rankings Out NZ down one place to 32, well down from 20th in 2021. Worth looking at the factors making up the ranking, we score well on government efficiency, but poorly on buisness efficiency. Productivity down 10 places to 63. Things are not getting better. Will read over the weekend for more insight.

Long-term value creation through efficient infrastructure, institutions and policies The competitiveness of an economy and its attractiveness to global business partners and talent depends a lot on efficient infrastructure, access to resources an a positive business and action-supportive environment in which people and companies are encouraged to deliver sustainable value creation through products and services. While there is reason to congratulate, on the other hand the detailed analysis and discussion with industry leaders, experts and policy makers gives food for thought what could and needs to be improved or changed. To me it's clear that it is not the big who wins over the small but the fast, agile and innovative wins over the slow and unable/unwilling to adjust and change. There are lots of impressive examples for that. Thank you, IMD, for keep providing these insightful rankings and insights as a benchmark and "mirror" every year.

2024 IMD World Competitiveness Ranking -- IMD (Institute for Management Development) assesses economies based on factors beyond GDP and productivity. The WCR takes a holistic view of competitiveness, considering factors like economic performance, government efficiency, and business agility. In the 2024 edition, Singapore rose three places to top the list, while Switzerland moved one up into second, and Denmark dropped two to third. Venezuela took the wooden spoon.

Hong Kong's rise in the World Competitiveness Yearbook signifies a positive outlook for several reasons: Economic Growth: Climbing the rankings reflects a recovering and potentially thriving economy. This could translate to more job opportunities, increased investment, and a rise in overall prosperity. Strategic Investments: The focus on tourism, talent acquisition, financial services, innovation, and green initiatives suggests a well-rounded approach to growth. This could create a more diverse and sustainable economy for the future. Global Hub Potential: Hong Kong's position as a bridge between China and the international market strengthens.This unique characteristic could make it a prime destination for businesses seeking access to both markets. How these factors translate to exciting growth and opportunities: Tourism: Increased investment in tourism infrastructure and attractions could attract more visitors, boosting the service sector and creating jobs in hospitality, retail, and transportation. Talent Acquisition: By attracting skilled professionals from around the world, Hong Kong can foster innovation and fill critical positions in growing industries. This can lead to the development of new technologies, businesses,and ideas. Financial Services: A focus on financial services can solidify Hong Kong's position as a leading financial center.This could attract international investment and create opportunities for local businesses to access capital. Innovation and Green Transformation: Investing in these areas can lead to the development of new technologies and sustainable practices. This could create entirely new industries and job opportunities, while also positioning Hong Kong as a leader in these important fields. Overall, Hong Kong's rise in competitiveness and focus on strategic sectors paints a picture of a future filled with exciting possibilities for businesses and individuals alike. The city's unique role as a bridge between China and the international market further enhances its potential for growth.

Is your company operating in an environment that fosters long-term value creation? The IMD World Competitiveness Ranking goes beyond GDP to analyze the political, social, and cultural factors that shape a nation's economic competitiveness. This year's edition, featuring 67 economies, including 3 exciting new additions, offers: Actionable data analysis: Benchmark your target markets and identify trends. Real-world insights: Understand how governments, institutions, and infrastructure impact business success. A roadmap to long-term value: Discover how economies are optimizing for sustainable growth. Download the 2024 IMD World Competitiveness Ranking and unlock the secrets of true economic success. @petergrahamlancashire #IMDranking #Competitiveness #BusinessGrowth https://lnkd.in/emcmiQXv

The new IMD Competitiveness Rankings have been published. 🥇Singapore moving up 3 places 🥈Switzerland 🥉Denmark In the detail 🇨🇾: 🙂 43rd (up 2 positions) Overall 😀 8th (up 39 positions) Int. Investment 🧐 Business efficiency practises need to improve for us to climb a higher. If you want to see the detail:

So proud that Singapore ranks among the global leaders in digital transformation! Congratulations to the Ministry of Digital Development and Information, as well as IMDA, for flying Singapore’s flag high. Leading in the digital age is not just about survival—it’s about ensuring Singapore thrives, remains competitive, and continues to prosper. This achievement serves as a powerful reminder for all companies in Singapore to seize the opportunities created by our nation’s robust digital ecosystem. With unparalleled access to funding, advanced technologies, and global partnerships, businesses of all sizes can innovate, digitalize, and scale to new heights. At QUIKBOT TECHNOLOGIES, we are proud to contribute to this transformation by redefining urban logistics through our Autonomous Final-Mile Delivery (AFMD) Platform-as-a-Service (PaaS). Designed for smart cities, our AFMD PaaS integrates Generative AI, robotics, IoT, and smart building technologies to transform and digitalize last-mile deliveries. By improving efficiency, reducing costs, and promoting sustainability, we’re empowering businesses to meet the demands of the digital economy while supporting the development of intelligent urban infrastructure. The future is bright for Singapore’s digital economy, and it’s an exciting time for all companies to embrace innovation and lead the charge. Together, we can shape Singapore’s path as a global digital hub. #SingaporeInnovation #GenerativeAI #mddi #imda #DigitalTransformation #QuikBotTechnologies #autonomouslastmile #AFMDPlatform #SmartCities #LastMileDelivery #AI #robotics #SmartCitySolutions #DigitalEconomy #FutureOfLogistics #Sustainability