Taipei Competitiveness

WEF Global Competitiveness - Taiwan is ranked 12th and remains on the list of the four major innovation countries

Today, the World Economic Forum (WEF) published its “2019 Global Competitiveness Report” (9). Among the 141 countries surveyed, Taiwan placed 12th, moving forward one spot. Taiwan is ranked 4th place in the Asia-Pacific area, behind only Singapore (1), Hong Kong (3), and Japan (6) and leading South Korea (13) and China (28), succeeding its good performance last year. Taiwan remains among the four major countries with innovation capabilities alongside Germany, the United States, and Switzerland.

The assessment of WEF’s “Global Competitiveness 4.0” is divided into four major categories, 12 pillars, and 103 sub-items. Among the 12 pillars, Taiwan has moved forward in nine of them, with its performance in macroeconomic stability (1), innovation capability (4), and financial system (6) being the best. Of those, the “innovation capability” score remained above 80 and is among the four major innovation countries with Germany, the United States, and Switzerland. With regard to “innovation ecological system”, the advantageous sub-items of Taiwan included diversity of workforce (4), state of cluster development (3), international co-invention (6), patent applications (3), and R&D expenditures over GDP (5). Taiwan is at the top of the list of patents and R&D expenditure, which showcases its research strength.


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Taipei ranks 9th in the Best Cities in the World: 2019 Readers' Choice Awards

Taipei ranks 9th in the Best Cities in the World in the 32nd annual Readers’ Choice Awards survey voted by 600,000 registered voters. Taipei is a city with a rich history, though at 300 years young it’s a relative newcomer compared to its neighbors in the East. Visit one of the city’s many temples to find deities of Buddhist, Taoist, and Chinese folk religions, and capitalize on your jet lag with a visit to one of Taipei’s many night markets. For a respite from the city, check in to Villa 32, a five-room mountainside spa built adjacent to a hot spring, a half-hour north of downtown by car. Taipei is well-connected to the rest of Taiwan through the high speed rail that runs the length of the island—look out for the Hello Kitty–themed train, which relaunched earlier this year.


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Taipei City Ranks 7th in the IMD Smart City Index

In October 2019, Lausanne Business School announced that Taipei stands in 7th place among 102 global cities surveyed in the IMD Smart City Index. This survey was jointly completed by the Business School of Lausanne and the National University of Singapore over two years. It primarily observes the “citizen oriented” thinking and fulfillment of global city designers and management departments, stressing the consistency between policy and public living necessities. It is a unique ranking in the world today. The order of the top 10 cities in the rankings are: Singapore (Singapore), Zurich (Swiss), Oslo (Norway), Geneva (Swiss), Copenhagen (Denmark), Auckland (New Zealand), Taipei City (Taiwan), Helsinki (Finland), Bilbao (Span) and Dusseldorf (Germany).


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Taipei has jumped three places to become the 13th most digitally competitive country in the IMD World Digital Competitiveness Ranking

Lausanne Business School IMD in September announced the World Digital Competitiveness rankings for 2019. Taiwan’s ranking was promoted to 13th place and 4th amongst the Asia-Pacific economies. Among these, the mobile broadband index is the best in the world. There are three major indicators, and Taiwan ranked 17th in “knowledge”, 9th in “technology” and 12th in “future readiness”.


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2020 World Graduate Employability Ranking: National Taiwan University gains 25 places

The global higher education research think tank, QS Quacquarelli, has released the world graduate employability ranking. Massachusetts Institute of Technology (MIT) takes the lead, followed by Stanford University and the University of California in Los Angeles (UCLA) respectively. The National Taiwan University has gained 25 places and now stands in 56th place worldwide.


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