Transcript imd is a world leader in executive education

Competitiveness Landscape 2012
& Opportunities to strengthen Taiwan’s
Competitiveness
Prof. Dominique Turpin
IMD President
© 2007-2013 IMD – International Institute for Management Development. Not to be used or reproduced without permission.
IMD World Competitiveness Center (April 2013)
IMD IS A WORLD LEADER IN EXECUTIVE EDUCATION
 Leading Global Business School
-




IMD ranked first in executive education outside the US and second
worldwide (Financial Times 2008-2012)
IMD ranked first in open programs worldwide (Financial Times 2012)
IMD’S MBA is ranked number one worldwide (Forbes, 2011)
60 Faculty members, over 300 employees
Open / Company-specific programs for executives
MBA and EMBA programs
The IMD World Competitiveness Center (WCC)
Publisher of the annual IMD World Competitiveness Yearbook (since 1989) and
pioneer in competitiveness
© IMD 2007-2013
2
THE IMD WORLD COMPETITIVENESS YEARBOOK
 59 ECONOMIES
The most competitive nations
 329 CRITERIA (2/3 hard data, 1/3 survey
data)
The emphasis on HARD FACTS ensures
objectivity and transparency
 54 PARTNER INSTITUTES
Taiwan: Council for Economic Planning and
Development
 30 INFORMATION PROVIDERS
Recognized international
organizations/institutions
(UN, OECD, WB, WTO, PWC, etc.)
© IMD 2007-2013
3
THE WORLD COMPETITIVENESS SCOREBOARD 2012
(released on May 31, 2012)
THE 2012 WCY OVERALL RANKING
Rank
2012
Rank
2011
Country
Score
2012
Rank
2012
Rank
2011
Country
Score
2012
1
2
1
Hong Kong
100.00
31
1
USA
97.75
32
33
Estonia
66.95
36
Kazakhstan
3
5
Switzerland
96.68
66.89
33
30
Czech Republic
4
3
Singapore
66.19
95.92
34
34
Poland
5
4
64.18
Sweden
91.39
35
32
India
6
63.60
7
Canada
90.29
36
45
Lithuania
63.42
7
6
Taiwan
89.96
37
38
Mexico
63.18
8
13
Norway
89.67
38
39
Turkey
62.24
9
10
Germany
89.26
39
35
Spain
61.12
10
8
Qatar
88.48
40
42
Italy
60.64
11
14
Netherlands
87.16
41
40
Portugal
60.38
12
11
Luxembourg
86.05
42
37
Indonesia
59.50
13
12
Denmark
84.88
43
41
Philippines
59.27
14
16
Malaysia
84.22
44
43
Peru
58.71
15
9
Australia
83.18
45
47
Hungary
57.34
16
28
UAE
82.49
46
44
Brazil
56.52
17
15
Finland
82.47
47
48
Slovak Republic
55.67
18
20
United Kingdom
80.14
48
49
Russia
55.16
19
17
Israel
78.57
49
53
Jordan
53.23
20
24
Ireland
78.47
50
52
South Africa
53.16
21
18
Austria
77.67
51
51
Slovenia
52.96
22
22
Korea
76.75
52
46
Colombia
51.89
23
19
China Mainland
75.77
53
50
Romania
48.93
24
21
New Zealand
74.88
54
55
Bulgaria
48.45
25
23
Belgium
73.48
55
54
Argentina
48.20
26
31
Iceland
71.54
56
57
Ukraine
46.88
27
26
Japan
71.35
57
58
Croatia
45.30
28
25
Chile
71.28
58
56
Greece
43.05
29
29
France
70.00
59
59
Venezuela
31.45
30
27
Thailand
69.00
© IMD World Competitiveness Yearbook 2012
In grey: ↑
In blue: ↓
white: stable
© IMD 2007-2013
4
TAIWAN / SWITZERLAND: WHAT WE HAVE IN COMMON?
 Among the top-10 countries in overall ranking
 Strong entrepreneurial culture
 Resilience of the economy
 Talented workforce
 Attractive fiscal policy
But also …
 Export-driven countries facing an unstable global climate
 Ageing of society is a concern
© IMD World Competitiveness Yearbook 2012 covers 59 countries
© IMD 2007-2013
5
REGIONAL RANKING: 4 ASIAN TIGERS
Ranks & scores
in the 2012 overall ranking
© IMD World Competitiveness Yearbook 2012
© IMD 2007-2013
6
COMPETITIVENESS BREAKDOWN
Overall Ranking
Economic
Performance
Government
Efficiency
Business
Efficiency
Infrastructure
Domestic Economy
Public Finance
Productivity
Basic
International Trade
Fiscal Policy
Labor Market
Technological
International
Investment
Institutional Framework
Finance
Scientific
Business Legislation
Management Practices
Health & Environment
Societal Framework
Attitudes & Values
Education
Employment
Prices
© IMD 2007-2013
7
COUNTRY COMPARISON IN THE 4 WCY FACTORS
Ranks
in WCY 2012’s
main pillars of
competitiveness
Taiwan
Singapore
Hong Kong
Korea
China
Economic
Performance
13
9
4
27
3
Government
Efficiency
5
2
1
25
34
Business
Efficiency
4
2
1
25
32
Infrastructure
12
8
18
20
29
© IMD World Competitiveness Yearbook 2012 (ranks out of 59 countries)
© IMD 2007-2013
8
TAIWANESE COMPETITIVENESS LANDSCAPE 2012
© IMD World Competitiveness Yearbook 2012
© IMD 2007-2013
9
TAIWAN: EVOLUTION & COMPETITIVENESS LANDSCAPE
Strengths – Competitive advantages
# 1*
#1
#3
#4
#4
#5
#6
Social responsibility of business leaders is high (survey)
Entrepreneurship of managers is high (survey)
High-tech exports (46% of manufactured exports)
Science in schools is sufficiently emphasized (survey)
Adaptability of companies to market changes is high (survey)
SMEs are efficient by international standards (survey)
Venture capital is easily available for business (survey)
Weakest Criteria
# 59
# 54
# 49
# 40
Direct Investment flows Inward (low % of GDP)
Exports of goods – growth (low % change based on US$ values)
Part-time employment (low % of total employment)
Tariff barriers (relative high % of tariffs on imports)
*Out of 59 countries
© IMD 2007-2013
10
PERCEPTIONS OF THE BUSINESS COMMUNITY:
ATTITUDES AND VALUES
© IMD World Competitiveness Yearbook 2012 – Survey values are between 0 to 10.
© IMD 2007-2013
11
CHALLENGES & OPPORTUNITIES FACING TAIWAN
 Economic Performance (factor I)



Further diversify the economy and exports
beyond the high-tech sector
Attract more foreign investment from the region
Further develop the financial system to benefit
from the proximity of Hong Kong and opening
of China
›
Improve cross-Strait relations will generate
more opportunities and investment flows from
China



Continue to develop the basic infrastructure
Exploit strengths in technological infrastructure
Invest not only in tertiary education but also in
all the levels including vocational education
Improve language skills
 Infrastructure (factor IV)

›
© IMD 2007-2013
Strengthen competitive advantages in
innovative R&D and educational system
12
WAYS TO REINFORCE COMPETITIVENESS
EXAMPLES OF GOLDEN RULES OF COMPETITIVENESS
 Knowledge Transfer
Increase the cooperation
between large companies,
research centers and SMEs
 Efficiency & Ease of Doing
Business
Increase transparency and
improve corporate governance
in companies
 Country image / branding
© IMD 2007-2013
Further develop local brands
for the domestic market and
exports
13
SUSTAINABLE COMPETITIVENESS ROADMAP
Innovation – R&D
New export niches
Skilled labor force
Technological
Dynamism
& scientific
infrastructure
Investment
incentives
First-class talent &
CLLABORATIVE
Education
Sustain competitive
strengths
Seek new opportunities &
niches
Prosperity
Target
weaknesses for
improvement
Attractiveness
(FDIs)
© IMD 2007-2013
OPEN
Education
(primary & secondary levels)
Health
Expenditures
14
COMPETITIVENESS / MANAGEMENT EDUCATION
High degree of positive correlation between the WCY Overall
Competitiveness and the criterion on “Management Education”.
NATIONS ALSO COMPETE WITH BRAINS
© IMD 2007-2013
15
INTERESTED IN WORLD COMPETITIVENESS?
CLLABORATIVE
OPEN
Find out
in May 2013
Rank 2013?
© IMD 2007-2013
16
MORE INFORMATION?
IMD :
CLLABORATIVE
www.imd.org
IMD World Competitiveness Center:
www.imd.org/wcc
OPEN
Subscribe to the free WCY «Criterion of the Month»
(WCC webletter) by sending an email to:
[email protected]
THANK YOU
FOR YOUR ATTENTION
© IMD 2007-2013
17