According to the International Institute for Management Development, Korea’s international competitiveness has nosedived, taking a backseat to every other Asian nation on the 61-nation list:
South Korea slid nine notches in the national competitiveness index this year, behind rival Asian countries _ including Japan, China and India _ marking the lowest ranking in seven years, according to a Swiss international business school.
The International Institute for Management Development (IMD) announced Wednesday that Korea ranked 38th in 2006 among 61 major economies. It ranked 29th in 2005.
Korea saw the IMD graded ranking hit its lowest point in seven years since 1999 when it ranked 41st. It was overtaken by 19th-ranked China and 29th-ranked India, which ranked 31st and 39th, respectively, last year.
Malaysia and Thailand, which have competed with Korea for several years, also took higher positions this year, 23rd and 32nd respectively. Japan advanced four notches to 17th while Taiwan was downgraded to 18th, from 11th a year earlier.
On a positive note, we needn’t wait too long until Lee Myung-bak takes over the place.
3 Comments
Beg your pardon El Grand Jefe Marmot, we’re expecting Goh Kun to kick the pretend lefties out of the Blue House.
I find it predictable that some would blame Chaebol leadership practices as being the root cause of such. That is a purely political gesture, common to the current leadership. A real concensus between business leaders and the government over how to promote competiveness would be a good start but both seem distracted by money and political interests.
Goh Kun would be a better choice than most but he is only one man on a ship of fools.
Let’s hope that a pro-business government government takes power in the next election. Don’t know if I could count the GNP as really being all that pro-biz. Pro-chaebol, certainly, but pro-biz, including foreign businesses? Oh well, they couldn’t be worse than the current crop of left-leaning twits.