Hong Kong (HKSAR) - Hong Kong has been ranked the world's most competitive economy for the second consecutive year according to the International Institute for Management Development (IMD) World Competitiveness Yearbook 2012.
"Hong Kong is highly competitive vis-Ã -vis most other economies in the world, especially in terms of government efficiency, business efficiency and macroeconomic performance. In particular, openness to trade, rule of law, a business-friendly environment, sound fiscal policy, mature institutional framework, well-functioning financial market, and global city image are key factors underpinning Hong Kong's success.
According to the IMD World Competitiveness Yearbook 2012 released today, Hong Kong maintains its top position, followed by the US, Switzerland, Singapore and Sweden. Last year, Hong Kong and the US had the same score and were both rated by IMD as number one. Full story
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