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Kamis, 08 September 2011

WEF Drops Indonesia Two Notches in World Competitiveness - The Indonesia Today

The World Economic Forum (WEF) has downgraded Indonesia's global competitiveness ranking two notches to 46th.

Neighbors Malaysia and Singapore widened the gap as Malaysia gained five places to 21st and Singapore advanced three places to second.

Indonesia is ranked below Portugal and Lithuania in the Global Competitiveness Index 2011-2012, but higher than Brazil (53) and India (56). China, the world's second largest economy, ranked 26th, while US ranked fifth.

Indonesia's rank for basic requirements is 53, while efficiency enhancers at 56. Innovation and sophistication factors had higher ranking at 41.

In the basic requirement ranking, Indonesia's infrastructure ranked 76, but macroeconomic environment had substantially higher ranking (23). The main weaknesses in efficiency enhancers are technological readiness (94) and labor market efficiency (94).

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