Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Competitiveness Landscape 2012 & Opportunities to strengthen Taiwan’s Competitiveness Prof. Dominique Turpin IMD President © 2007-2013 IMD – International Institute for Management Development. Not to be used or reproduced without permission. IMD World Competitiveness Center (April 2013) IMD IS A WORLD LEADER IN EXECUTIVE EDUCATION Leading Global Business School - IMD ranked first in executive education outside the US and second worldwide (Financial Times 2008-2012) IMD ranked first in open programs worldwide (Financial Times 2012) IMD’S MBA is ranked number one worldwide (Forbes, 2011) 60 Faculty members, over 300 employees Open / Company-specific programs for executives MBA and EMBA programs The IMD World Competitiveness Center (WCC) Publisher of the annual IMD World Competitiveness Yearbook (since 1989) and pioneer in competitiveness © IMD 2007-2013 2 THE IMD WORLD COMPETITIVENESS YEARBOOK 59 ECONOMIES The most competitive nations 329 CRITERIA (2/3 hard data, 1/3 survey data) The emphasis on HARD FACTS ensures objectivity and transparency 54 PARTNER INSTITUTES Taiwan: Council for Economic Planning and Development 30 INFORMATION PROVIDERS Recognized international organizations/institutions (UN, OECD, WB, WTO, PWC, etc.) © IMD 2007-2013 3 THE WORLD COMPETITIVENESS SCOREBOARD 2012 (released on May 31, 2012) THE 2012 WCY OVERALL RANKING Rank 2012 Rank 2011 Country Score 2012 Rank 2012 Rank 2011 Country Score 2012 1 2 1 Hong Kong 100.00 31 1 USA 97.75 32 33 Estonia 66.95 36 Kazakhstan 3 5 Switzerland 96.68 66.89 33 30 Czech Republic 4 3 Singapore 66.19 95.92 34 34 Poland 5 4 64.18 Sweden 91.39 35 32 India 6 63.60 7 Canada 90.29 36 45 Lithuania 63.42 7 6 Taiwan 89.96 37 38 Mexico 63.18 8 13 Norway 89.67 38 39 Turkey 62.24 9 10 Germany 89.26 39 35 Spain 61.12 10 8 Qatar 88.48 40 42 Italy 60.64 11 14 Netherlands 87.16 41 40 Portugal 60.38 12 11 Luxembourg 86.05 42 37 Indonesia 59.50 13 12 Denmark 84.88 43 41 Philippines 59.27 14 16 Malaysia 84.22 44 43 Peru 58.71 15 9 Australia 83.18 45 47 Hungary 57.34 16 28 UAE 82.49 46 44 Brazil 56.52 17 15 Finland 82.47 47 48 Slovak Republic 55.67 18 20 United Kingdom 80.14 48 49 Russia 55.16 19 17 Israel 78.57 49 53 Jordan 53.23 20 24 Ireland 78.47 50 52 South Africa 53.16 21 18 Austria 77.67 51 51 Slovenia 52.96 22 22 Korea 76.75 52 46 Colombia 51.89 23 19 China Mainland 75.77 53 50 Romania 48.93 24 21 New Zealand 74.88 54 55 Bulgaria 48.45 25 23 Belgium 73.48 55 54 Argentina 48.20 26 31 Iceland 71.54 56 57 Ukraine 46.88 27 26 Japan 71.35 57 58 Croatia 45.30 28 25 Chile 71.28 58 56 Greece 43.05 29 29 France 70.00 59 59 Venezuela 31.45 30 27 Thailand 69.00 © IMD World Competitiveness Yearbook 2012 In grey: ↑ In blue: ↓ white: stable © IMD 2007-2013 4 TAIWAN / SWITZERLAND: WHAT WE HAVE IN COMMON? Among the top-10 countries in overall ranking Strong entrepreneurial culture Resilience of the economy Talented workforce Attractive fiscal policy But also … Export-driven countries facing an unstable global climate Ageing of society is a concern © IMD World Competitiveness Yearbook 2012 covers 59 countries © IMD 2007-2013 5 REGIONAL RANKING: 4 ASIAN TIGERS Ranks & scores in the 2012 overall ranking © IMD World Competitiveness Yearbook 2012 © IMD 2007-2013 6 COMPETITIVENESS BREAKDOWN Overall Ranking Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy Public Finance Productivity Basic International Trade Fiscal Policy Labor Market Technological International Investment Institutional Framework Finance Scientific Business Legislation Management Practices Health & Environment Societal Framework Attitudes & Values Education Employment Prices © IMD 2007-2013 7 COUNTRY COMPARISON IN THE 4 WCY FACTORS Ranks in WCY 2012’s main pillars of competitiveness Taiwan Singapore Hong Kong Korea China Economic Performance 13 9 4 27 3 Government Efficiency 5 2 1 25 34 Business Efficiency 4 2 1 25 32 Infrastructure 12 8 18 20 29 © IMD World Competitiveness Yearbook 2012 (ranks out of 59 countries) © IMD 2007-2013 8 TAIWANESE COMPETITIVENESS LANDSCAPE 2012 © IMD World Competitiveness Yearbook 2012 © IMD 2007-2013 9 TAIWAN: EVOLUTION & COMPETITIVENESS LANDSCAPE Strengths – Competitive advantages # 1* #1 #3 #4 #4 #5 #6 Social responsibility of business leaders is high (survey) Entrepreneurship of managers is high (survey) High-tech exports (46% of manufactured exports) Science in schools is sufficiently emphasized (survey) Adaptability of companies to market changes is high (survey) SMEs are efficient by international standards (survey) Venture capital is easily available for business (survey) Weakest Criteria # 59 # 54 # 49 # 40 Direct Investment flows Inward (low % of GDP) Exports of goods – growth (low % change based on US$ values) Part-time employment (low % of total employment) Tariff barriers (relative high % of tariffs on imports) *Out of 59 countries © IMD 2007-2013 10 PERCEPTIONS OF THE BUSINESS COMMUNITY: ATTITUDES AND VALUES © IMD World Competitiveness Yearbook 2012 – Survey values are between 0 to 10. © IMD 2007-2013 11 CHALLENGES & OPPORTUNITIES FACING TAIWAN Economic Performance (factor I) Further diversify the economy and exports beyond the high-tech sector Attract more foreign investment from the region Further develop the financial system to benefit from the proximity of Hong Kong and opening of China › Improve cross-Strait relations will generate more opportunities and investment flows from China Continue to develop the basic infrastructure Exploit strengths in technological infrastructure Invest not only in tertiary education but also in all the levels including vocational education Improve language skills Infrastructure (factor IV) › © IMD 2007-2013 Strengthen competitive advantages in innovative R&D and educational system 12 WAYS TO REINFORCE COMPETITIVENESS EXAMPLES OF GOLDEN RULES OF COMPETITIVENESS Knowledge Transfer Increase the cooperation between large companies, research centers and SMEs Efficiency & Ease of Doing Business Increase transparency and improve corporate governance in companies Country image / branding © IMD 2007-2013 Further develop local brands for the domestic market and exports 13 SUSTAINABLE COMPETITIVENESS ROADMAP Innovation – R&D New export niches Skilled labor force Technological Dynamism & scientific infrastructure Investment incentives First-class talent & CLLABORATIVE Education Sustain competitive strengths Seek new opportunities & niches Prosperity Target weaknesses for improvement Attractiveness (FDIs) © IMD 2007-2013 OPEN Education (primary & secondary levels) Health Expenditures 14 COMPETITIVENESS / MANAGEMENT EDUCATION High degree of positive correlation between the WCY Overall Competitiveness and the criterion on “Management Education”. NATIONS ALSO COMPETE WITH BRAINS © IMD 2007-2013 15 INTERESTED IN WORLD COMPETITIVENESS? CLLABORATIVE OPEN Find out in May 2013 Rank 2013? © IMD 2007-2013 16 MORE INFORMATION? IMD : CLLABORATIVE www.imd.org IMD World Competitiveness Center: www.imd.org/wcc OPEN Subscribe to the free WCY «Criterion of the Month» (WCC webletter) by sending an email to: [email protected] THANK YOU FOR YOUR ATTENTION © IMD 2007-2013 17