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Thailand’s competitiveness ranking goes up

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The World Economic Forum’s latest global competitiveness index of 137 countries, released on Wednesday, sees Thailand’s ranking move to 32 from 34 last year.



The top 10 nations in the rankings are Switzerland, the United States, Singapore, Netherlands, Germany, Hong Kong, Sweden, the United Kingdom, Japan and Finland. 
Pasu Decharin, dean of Chulalongkorn Business School, said that scored 4.7 out of a possible 7 on the scale. 
Its areas of improvement included infrastructure, a rising number of people using mobile phones, and the macroeconomic environment. Government efforts to invest in infrastructure projects had paid off and the private sector had also contributed to the improvement in ranking, he said.
However, Thailand remains weak on the development of institutions and innovation, he added. Chulalongkorn Business School is an official partner of the WEF.
In June, the IMD World Competiveness Centre also assigned a higher ranking for Thailand, at 27th place up from 28th the previous year.

Published : September 27, 2017

By : The Nation