Hong Kong as the most competitive economy 2011

peter236

IMD announces the 2011 World Competitiveness Rankings and the results of the “Government Efficiency Gap” Towards World Competitiveness 2.0

http://www.imd.org/news/IMD-announces-the-2011-World-Competitiveness-Rankings-and-the-results-of-the-Government-Efficiency-Gap.cfm



May 17, 2011

IMD announces data from the 2011 World Competitiveness Yearbook (WCY), which places the US and Hong Kong as the most competitive countries, both slightly ahead of last year’s winner, Singapore. In 2010, the US ranked third, losing the top ranking for the first time in decades.

Also in the rankings, Sweden jumps to 4th place, highlighting the competitiveness of the Nordic model. Germany shines and gains 6 ranks to 10th position thanks to buoyant exports and a more flexible labor market. Qatar, Korea and Turkey continue their ascent in competitiveness. The recession highlighted the “resistant” (Switzerland) and the “resilient” (Taiwan). Only 4 big economies are in the top 20.

“The world of competitiveness becomes more national. ‘World Competitiveness 2.0’ is thus characterized by a greater self-reliance of countries. It increasingly emphasizes re-industrialization, exports, and a more critical look at delocalization,” said IMD Professor Stéphane Garelli, Director of IMD’s World Competitiveness Center.

“This trend is triggered by the rise in commodity and transport prices and higher labor costs in emerging economies. National champions are favored everywhere and borders re-surface – again!”

peter236

Hong Kong has maintained its budget surplus and competitive edge, as the other countries are in debt problems.

rainbow-davie

So?  but the Gini coefficient is so high that even worst than mainland China.

Catpiano

How can they call HK a country?

HK is just a little bug ...  on Grandpa's butts ..

instantnoodles

lol well on grandpa's butt or not...either way HK kicked the inefficient Canadian economy's butt.

BiscottiGelato

So?  but the Gini coefficient is so high that even worst than mainland China.
rainbow-davie 發表於 2011-8-5 12:49

x2. Efficient, but most people live like crap while some can't drive all their Ferrari's. Then what's the point?

rainbow-davie

lol well on grandpa's butt or not...either way HK kicked the inefficient Canadian economy's butt.
instantnoodles 發表於 2011-8-5 14:47

Depends on how you look at it.  Yes. Canadian economy may not be the best. but it is (so far) one of the most stable economies.   We don't have roller coaster kind of up and down.  that may not fit some people who are risk taker but fit people who want more stable life.

快樂牛郎

So?  but the Gini coefficient is so high that even worst than mainland China.
rainbow-davie 發表於 2011/8/5 12:49

that's the inevitable result of competitiveness
you have stupid ppl and smart ppl who compete and of course there would be a gap

ricrick

some people, like peter, would feel very happy by just looking at numbers

peter236

Some people from bankrupt countries are jealous of Hong Kong's financial strengths.
Hong Kong government can actually afford what they buy in the long term, unlike some other big debt places.