[Politics] IMD World Competitiveness Taiwan Ranks Among Top Four Globally, Premier Cho: Demonstrates Economic Resilience
bellala 央廣2h agoEdited
On June 18, 2026, the Swiss Institute for Management Development (IMD) released its World Competitiveness Ranking. Taiwan ranked fourth globally, driven by strengths such as robust Gross Domestic Product (GDP) and export growth. Premier Cho Jung-tai stated that in the face of rising geopolitical risks and global supply chain restructuring, Taiwan has received international recognition for its stable democratic system, comprehensive industrial ecosystem, technological innovation capabilities, and the agile adaptability of its businesses, demonstrating Taiwan's economic resilience and competitiveness. #CNA Reporter Cheng Yu-han reporting#
The Swiss Institute for Management Development (IMD) released its 2026 World Competitiveness Ranking on June 18. Among the 70 economies evaluated, Singapore ranked first, followed by Hong Kong in second, Switzerland in third, and Taiwan securing the fourth position globally, marking its best performance since participating in the rankings.
Minister without Portfolio Yeh Chun-hsien analyzed that Taiwan's favorable performance is primarily due to stable progress across four major aspects: economic performance, government efficiency, business efficiency, and infrastructure. Specifically, economic performance significantly improved from 10th place last year to 5th, which was the key driver for the overall ranking increase. Government efficiency rose from 8th to 6th, business efficiency remained at 4th, and infrastructure stayed at 10th.
Furthermore, Yeh Chun-hsien pointed out that benefiting from the demand for AI, high-performance computing, and semiconductors, Taiwan's exports, investments, and employment have grown simultaneously. Taiwan's international trade ranking leaped from 30th to 13th, employment improved from 37th to 18th, and its export growth rate for goods and real GDP per capita growth rate both ranked second globally. In terms of government efficiency, the item "Government formed by free elections" once again secured the global first place. In business efficiency, indicators such as entrepreneurial spirit, business responsiveness, and society's positive attitude towards globalization all ranked first globally, indicating that Taiwan possesses democratic governance, industrial competitiveness, and economic resilience.
Premier Cho Jung-tai stated that amidst rising geopolitical risks and the trend of global economic fragmentation, national competitiveness is no longer solely determined by cost, scale, or innovation capabilities, but increasingly relies on institutional credibility, adaptability, and overall resilience. Taiwan has received international recognition in various aspects. He said: "(Original sound) Relying on our stable democratic governance, comprehensive industrial ecosystem, leading technological innovation capabilities, and highly agile business operational abilities, we have achieved very good results in this assessment report, thus setting our best record in history. This also highlights our ability to cope with various challenges in the face of geopolitical changes and global supply chain restructuring. Because we have a robust system, a comprehensive industrial ecosystem, and agile business strategies, we can grow against the odds and demonstrate strong economic resilience."
However, Cho also mentioned that in the government financial situation category, Taiwan's ranking dropped from 3rd place last year to 7th, which warrants further review. He questioned why the national competitiveness has surged to the top five globally, yet the national financial situation ranking has declined, and whether this is related to the fiscal system and the allocation of resources between the central and local governments. Cho emphasized that to make national finances healthier, the Executive Yuan's version of the "Fiscal Revenue and Expenditure Allocation Act" is most conducive to fiscal allocation and cooperation between the central and local governments, while also considering the development needs of various cities and national construction. The Executive Yuan will continue to coordinate with the Legislative Yuan and strive to promote relevant legislative amendments.
Cho stated that the government will continue to promote policies such as the AI New Ten Major Constructions, 13 key strategic industries, new population policy strategies, transformation and upgrading plans for small, medium, and micro enterprises, and the development of the indigenous drone industry, to strengthen national competitiveness and economic resilience, and strive for continuous improvement in international rankings in the future. (Editor: Song Wan-yuan)
Further Reading
2026 IMD World Competitiveness: Taiwan Ranks 4th Globally, Best Performance in History
Source Link: https://www.rti.org.tw/news?uid=3&pid=215347
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