THE WORLD COMPETITIVENESS SCOREBOARD 2009 by xld14276

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									THE WORLD COMPETITIVENESS
SCOREBOARD 2009
     100.000                                                                                                                       (1) USA 1
     98.146                                                                                                            (3) HONG KONG 2
     95.740                                                                                                           (2) SINGAPORE 3
     94.163                                                                                                     (4) SWITZERLAND 4
     91.741                                                                                                     (6) DENMARK 5
     90.520                                                                                                     (9) SWEDEN 6
     88.934                                                                                                 (7) AUSTRALIA 7
     88.708                                                                                                   (8) CANADA 8
     88.373                                                                                                 (15) FINLAND 9
     87.758                                                                                          (10) NETHERLANDS 10
     86.604                                                                                             (11) NORWAY 11
     86.274                                                                                         (5) LUXEMBOURG 12
     83.508                                                                                         (16) GERMANY 13
     81.995                                                                                             QATAR 14
     79.621                                                                            (18) NEW ZEALAND 15
     79.294                                                                                  (14) AUSTRIA 16
     78.242                                                                                   (22) JAPAN 17
     77.162                                                                              (19) MALAYSIA 18
     76.956                                                                              (12) IRELAND 19
     76.595                                                                  (17) CHINA MAINLAND 20
     76.069                                                                 (21) UNITED KINGDOM 21
     75.965                                                                             (24) BELGIUM 22
     75.390                                                                            (13) TAIWAN 23
     73.425                                                                            (20) ISRAEL 24
     70.933                                                                         (26) CHILE 25
     70.762                                                                 (27) THAILAND 26
     68.408                                                                 (31) KOREA 27
     68.071                                                                (25) FRANCE 28
     66.755                                                   (28) CZECH REPUBLIC 29
     66.454                                                                (29) INDIA 30
     64.882                                                         (36) LITHUANIA 31
     64.637                                                          (32) SLOVENIA 32
     63.913                                              (30) SLOVAK REPUBLIC 33
     62.588                                                   (37) PORTUGAL 34
     62.573                                                     (23) ESTONIA 35
     61.047                                                  KAZAKHSTAN 36
     59.274                                                     (35) PERU 37
     58.985                                              (39) BULGARIA 38
     57.849                                                 (33) SPAIN 39
     56.865                                               (43) BRAZIL 40
     56.040                                            (34) JORDAN 41
     55.479                                        (51) INDONESIA 42
     54.490                                       (40) PHILIPPINES 43
     53.930                                        (44) POLAND 44
     53.917                                       (38) HUNGARY 45                    The World Competitiveness Scoreboard presents
     53.903                                         (50) MEXICO 46                   the 2009 overall rankings for the 57 economies
     53.390                                        (48) TURKEY 47                    covered by the WCY. The economies are ranked
     52.850                             (53) SOUTH AFRICA 48                         from the most to the least competitive and the
     52.770                                         (47) RUSSIA 49
                                                                                     results from the previous year’s scoreboard (2008)
     52.059                                         (46) ITALY 50
                                                                                     are shown in brackets. The Scores shown to the
     51.538                                  (41) COLOMBIA 51
                                                                                     left are actually indices (0 to 100) generated for
     50.781                                    (42) GREECE 52
                                                                                     the unique purpose of constructing charts and
     48.587                            (49) CROATIA 53
                                                                                     graphics.
     46.945                          (45) ROMANIA 54
     43.084                  (52) ARGENTINA 55
     40.421                  (54) UKRAINE 56
     39.060              (55) VENEZUELA 57


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                                                                                         IMD WORLD COMPETITIVENESS YEARBOOK 2009
       PUBLICATION: IMD WORLD COMPETITIVENESS
                    YEARBOOK 2009
   The first and most well-known reference for analysing and ranking the competitiveness of nations
                    Articles should refer to the official IMD site: www.imd.ch/wcy09


Of the 57 economies ranked by IMD, the US still ranks No. 1 in 2009. Hong Kong has
switched places with Singapore to gain the 2nd place and is swiftly “closing the gap” with the
US. Switzerland maintains its 4th rank from last year. All of the Nordic economies have
increased or maintained their rankings compared to the US: Denmark improves one rank to
5th position, Sweden moves up 3 places to 6th, and Finland, a huge bound from 15th place last
year to 9th place. Norway maintains its 11th position.

In a free-fall economy, competitiveness is also about how countries can resist adversity and
show resilience to weather the storm (please refer to this year’s “Stress Test”). What is their
ability to withstand “one-off events” such as today’s turmoil? For example, Japan comes out
better than expected in 17th position, likewise Germany (13th) and the UK (21st). However, one
must take into account that these rankings are based on a majority of statistics from 2008,
especially the growth period of early 2008, and countries entered the economic crisis at
different times.

The most spectacular movements are seen for Indonesia, rising from 51st place to 42nd and
Estonia, falling 12 ranks to 35th place. Some countries suffered important reversals: Colombia
(51st), Greece (52nd) and Taiwan (23rd) fell 10 places each, followed by Romania (from 45th to
54th). Other important declines include: Luxembourg (from 5th to 12th), Hungary (from 38th to
45th), Spain (from 33rd to 39th) and Ireland (from 12th to 19th). And to think that Ireland was
ranked 5th in 2000!

Lastly, IMD’s definition of competitiveness is: “How nations and businesses are managing the
totality of their competencies to achieve greater prosperity”. Competitiveness is not just about
growth or economic performance but should take into consideration the “soft factors” of
competitiveness, such as the environment, quality of life, technology, knowledge, etc. This
helps explain why some countries, the US, Japan, the UK, Nordic economies and small, open
economies like Hong Kong, Singapore and Switzerland are able to maintain their rankings in
the top league despite short-term disruptions. Too much focus on short-termism helped
trigger the crisis!

The IMD World Competitiveness Ranking is a photograph of competitiveness at one point in
time. But it is also important to look at the evolution of countries’ performances over the
longer period that IMD has been studying competitiveness – now more than 20 years!

								
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