By Crystal Hsu / Staff reporter
Taiwan climbed to a record fourth place in this year’s IMD World Competitiveness Rankings, as booming artificial intelligence-led exports, strong economic growth and a decade of institutional stability helped the economy outperform peers in an increasingly fragmented global environment.The annual survey by the Switzerland-based International Institute for Management Development (IMD) ranked Singapore first, followed by Hong Kong and Switzerland. Taiwan rose from sixth place last year among 70 economies assessed, its highest ranking since joining the study.The advance comes as Taiwan benefits from a surge in AI-linked investment, advanced manufacturing and the return of capital and talent from overseas, reinforcing its position as a critical hub in global technology supply chains.
International Institute for Management Development World Competitiveness Center director Arturo Bris attends a press conference on the institute’s latest World Competitiveness Ranking report in Zurich, Switzerland, yesterday. Taiwan’s ranking climbed two notches to No. 4 behind Singapore, Hong Kong and Switzerland in this year’s report.
Taiwan improved across all four pillars measured by the survey — economic performance, government efficiency, business efficiency and infrastructure — with particularly strong support from robust GDP growth and export expansion.“Taiwanese businesses, talent and capital have continued to return home, while manufacturing, research and development, and more recently AI-driven production have strengthened growth momentum,” Representative to Switzerland Steve Wang (王思為) told the Central News Agency.
