Recently, IMD Business School authoritatively released the World Competitiveness Annual Report 2022.
In the World Competitiveness Ranking, the top 5 global rankings this year are: Denmark, Switzerland, Singapore, Sweden, and Hong Kong, China.
The United States ranks 10th, mainland China ranks 17th, Australia ranks 19th, and the United Kingdom ranks 23rd.
01
Singapore
No. 3 in the world and No. 1 in Asia Pacific
Among Asia-Pacific economies, Singapore topped the list, followed by Hong Kong, Taiwan and China.
Among the global economies, Singapore rose from 5th to 3rd, the highest ranking in the Asia region, with notable improvements in the domestic economy, employment, public finances, productivity and efficiency.
Singapore topped the rankings for two consecutive years in 2019 and 2020, and this year, led by a sharp economic recovery, has risen in the rankings across several indicators.
Of these, Singapore is in:
Ranked 1st in "International Trade" and "Infrastructure"
Ranked 2nd in "Business Regulations"
02
China Hong Kong
5th in the world and 2nd in Asia Pacific
Hong Kong remains one of the most competitive economies in the world, returning to the top 5 in this year's ranking of global economies and ranking second among Asia-Pacific economies.
This year, Hong Kong continued to achieve good rankings in "Government Efficiency" and "Business Efficiency", and also improved in "Economic Performance" and "Infrastructure".
Among them, Hong Kong is in:
"Commercial Regulations" Continues to Rank No. 1 in the World
"Public Finance" "Tax Policy" "International Investment"
in the top 3 in the world
The report points out that, with regard to further enhancing competitiveness, the challenges facing Hong Kong in the future include:
Control the epidemic, support and revive the economy.
Address external challenges posed by a slowing global economic recovery, normalization of monetary policy by major central banks and increased geopolitical uncertainty.
Seize the opportunities arising from the economic development of the Mainland.
Further drive innovation and technology.
Address land and human resource growth constraints.
In this regard, a spokesman for the Hong Kong SAR government said:
The results of the "Annual Report" affirm that Hong Kong is one of the most competitive economies in the world, which relies on the institutional advantages of "One Country, Two Systems".
In the face of fierce global competition, the Hong Kong SAR Government will continue to strive to enhance Hong Kong's competitiveness. While consolidating its own system and competitive advantages, it will actively strengthen investment in infrastructure, innovation and technology, talent training and increasing land supply, etc. The long-term economic development of Hong Kong provides a favourable environment.
03
Excellent talent competition
Competitive core of global economies
With governments returning to center stage amid the pandemic, recovery plans will be significant in shaping the labor market and competition for talent in the years ahead.
In today's world, talent has become an important indicator to measure a comprehensive national strength.
It has become an inevitable requirement of the times to gather talents from all over the world, establish a global vision and strategic vision, and actively participate in international talent competition.
In recent years, many countries and regions have launched a fierce "snatch war!" against overseas talents.
UK, US and Canada launch global recruitment plan
In order to compete for global talents, the United Kingdom, the United States and Canada have successively launched talent introduction plans.
By promising fast-track visas and permanent residency, talent from around the world is encouraged to travel and international students to stay on after graduation.
Hong Kong, China Outstanding Migrant Admission Scheme
Since 2006, the Hong Kong Talent Program, which is open to the world, and the undeniable value of Hong Kong's identity have been recognized by more and more mainland and overseas people who know the future.
In the future, the quota of the Talent Program will also have the opportunity to increase from 4,000 to 8,000 per year.
The Hong Kong Special Administrative Region government is eager to seek talents for talents and has multiple favorable policies. Those who intend to apply for the Hong Kong Talent Program must seize the golden opportunity as soon as possible.
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