OTHER ASIAN ECONOMIES<\/p>\n
This year\u2019s rankings also saw strong performances by other Asian economies, with Hong Kong, Taiwan and China all moving up the ladder.<\/p>\n
Hong Kong rose from third to second, a result IMD said was built on three consecutive years of improvement.<\/p>\n
\u201cGovernment efficiency remains its defining competitive strength, keeping second place for the second consecutive year,\u201d said the organisation.<\/p>\n
Taiwan came in fourth, behind Switzerland, on the back of a strong gross domestic product and export growth. These reflect improvements or stability in all four competitive factors, said IMD.<\/p>\n
IMD also attributed China\u2019s climb from 16th to 12th to a sharp improvement in business efficiency, which was helped by gains in productivity and efficiency, finance and the labour market.<\/p>\n
\u201cGovernment efficiency also edged up, rising one place on stronger business legislation and tax policies,\u201d it added. Its economic performance meanwhile fell two places to seventh, led by a decline in international trade.<\/p>\n","protected":false},"excerpt":{"rendered":"OTHER ASIAN ECONOMIES This year\u2019s rankings also saw strong performances by other Asian economies, with Hong Kong, Taiwan…\n","protected":false},"author":2,"featured_media":501522,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,1657,184,3448,85,46,15624],"class_list":["post-501521","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-china","tag-economy","tag-hong-kong","tag-il","tag-israel","tag-taiwan"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/501521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=501521"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/501521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/501522"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=501521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=501521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=501521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}