Local media reported that the International Institute for Management Development had released its latest “World Competitiveness Yearbook 2023,” in which Hong Kong is ranked seventh globally, down two places from fifth in 2022. Hong Kong’s global ranking has been trending downward year by year, having been ranked first in 2017 and second in 2018.
Hong Kong’s performance in World Competitiveness Rankings from 2017 to 2023. (The Epoch Times)
According to the report, Denmark ranked first for the second year in a row among more than 60 countries and regions evaluated globally, followed by Ireland and Switzerland. In the Asian region, Singapore ranked 4th, and Taiwan ranked 6th, one place ahead of Hong Kong….