Taiwan’s economy ranked highly by World Economic Forum in run-up to Davos 2019

From 22-25 January, the World Economic Forum (WEF)’s 2019 annual meeting in Davos convened under the theme “Globalisation 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution”, with approximately 3,000 global economic leaders in attendance. Prior to the summit, Taiwan was ranked 13th out of 140 economies and 4th in the Asia-Pacific in the WEF’s “Global Competitiveness Report 2018” published on 16 October 2018.

 

Among the 12 categories used to assess competitiveness, Taiwan earned full marks in macroeconomic stability and ranked 7th globally for financial system. The report described Taiwan as a “super innovator” as one of four economies, alongside Germany, Switzerland and the US, to receive a score of more than 80 in innovation capability.