The World Economic Forum (WEF) released its Global Competitiveness Report 2017 in September, 2017. Taiwan retained its 15th ranking among the 137 countries/economies and ranked 4th among all Asian economies covered in the report, finishing behind Singapore, Hong Kong, Japan and New Zealand, but ahead of regional neighbors such as Malaysia, South Korea, and mainland China.
In three subindexes of basic requirements of WEF Global Competitiveness Report, Taiwan advanced two spots to 15th in the subindex of innovation and sophistication factors, which is the best score in the recent three years. The Global Competitiveness Report of WEF reflects the economic and society situation of the nations and provides the references for the nations to draft their adaptive strategies. Taiwan government will analyze the strengths and the weakness of the items to retain its global competitiveness.
In addition, the World Economic Forum (WEF) categorizes countries into three stages of development; factor-driven, efficiency-driven and innovation-driven based on the gross domestic product (GDP) per capita. Taiwan is categorized as a country in innovation-driven economy.
The GEDI, first compiled for 2011 by the Global Entrepreneurship and Development Institute, measures and ranks the global entrepreneurship. According to the preliminary GEDI 2017 report published in November 2016 by the Global Entrepreneurship and Development Institute, Taiwan took 16th place among 137 countries. Overall, the United States dominated the 2017 index, and its score is 83.4. The index placed Taiwan second in Asia behind of Australia, but ahead of Singapore, Japan, South Korea, and China.
In its first "Report on the Evaluation of Environmental Risks of Investment" for 2018, Business Environment Risk Intelligence (BERI) ranked Taiwan's "Profit Opportunity Recommendation"fourth-best among the 50 major countries covered, after only Singapore, Switzerland and Germany.
According to the IMD World Competitiveness Yearbook 2018, Taiwan ranked 17th in terms of competitiveness among the 63 countries surveyed. A perusal of this year's IMD World Competitiveness Yearbook shows that Taiwan ranked 10 in the category of government efficiency, showing that the government's low-tax, low-regulation approach has paid off.
Taiwan was rated the world's 15th-easiest place to do business among 190 economies in a World Bank "Doing Business 2018" released Oct 31th 2017. According to the World Bank's report this year, the 10 criteria of Taiwan are listed as follows: getting electricity(4), enforcing contracts(10), starting a business(16), registering property(18), resolving insolvency(20), protecting minority investors(24), trading across borders(55), paying taxes(56), getting credit(90). The report praised Taiwan for making "exporting easier by allowing different organizations to electronically issue certificates of origins" and making "enforcing contracts easier by introducing an electronic billing system."
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Department of Investment Services, Ministry of Economic Affairs, R.O.C.
Department of Investment Services, Ministry of Economic Affairs, R.O.C.