Hong Kong jumps three places in global competitiveness index to reach 6th
City makes largest leap among top 10 economies in study by World Economic Forum
Hong Kong has risen three places to reach sixth in the latest index measuring global competitiveness.
Three Asian territories are in the top 10 of the study, which covered 137 economies. The other two are Singapore, which fell one place to third since the last edition of the index, and Japan, down one place to ninth.
Taiwan fell from 14th to 15th, while China rose from 28th to 27th.
In 1997, Hong Kong was ranked second on the index, but by 2005, it had dropped to 28th place. It gradually climbed back into the top 10 in 2012.
The index was compiled by the Geneva-based World Economic Forum, a non-profit organisation.
Researchers looked at 12 factors in compiling the index. These were legal and administrative frameworks, infrastructure efficiency, health and education, technological development, innovation, market size, quality of businesses, the macroeconomic environment, and labour, financial and goods market efficiency.
