After being adrift for the past three years, Singapore climbed three rungs and regained the top spot in the IMD World Competitiveness Ranking in 2024 against a field of 67. Coming in ahead of Switzerland and Denmark, the Republic posted robust performances across all four categories that comprise economic performance, government efficiency, business efficiency and infrastructure.
In Southeast Asia, Thailand comes second . In this year’s rankings, Indonesia has surpassed Malaysia, which dropped to 34th place from 27th in 2023 due to currency depreciation and political uncertainties. Indonesia’s rise underscores its enhanced economic performance and stability. Bris highlights Southeast Asia’s robust economic performance this year, except for Malaysia’s decline. Indonesia’s competitiveness surge is attributed to improved economic indicators, capital attraction, and GDP growth.
The IMD World Competitiveness Center (WCC) uses four indicators to determine the rankings for its annual WCR: economic performance, government efficiency, business efficiency, and infrastructure. The WCR evaluates 67 countries’ long-term well-being beyond GDP, considering social, cultural, and sustainability aspects through global surveys and statistical analysis.
Note that the Philippines is last. I am so ashamed of the Philippines Standing- being an American Citizen with Filipino Ancestry. The Philippines should do better next year, I hope. Meanwhile here are 21 interesting facts about the Philippines that you should know.
https://chateaudumer.blogspot.com/2024/05/twenty-one-interesting-facts-about.html
Lastly, I hope THD Activity will resume the Travel Series initiated by Galen last January. I recommend that the Philippines will be the next country featured. If you are a THD resident and enjoyed the previous Travel series let THD management know of your desires.
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