Thailand has climbed one spot to 28th in the 2021 world competitiveness rankings conducted by the Institute for Management Development (IMD), supported by improvements in employment and public finances.
However, its neighbours Malaysia and Indonesia saw bigger increases. The former rose two places to 25th while the latter advanced three spots to 37th.
IMD, a Switzerland-based academic institution, ranks 64 economies and assesses the extent to which a country promotes the prosperity of its people by measuring economic well-being through hard data and survey responses from executives. This year the rankings show the economic impact of pandemic across the globe.
Singapore fell from the world’s top to the fifth but still leads in Asia while China advanced four positions to 16th –…
