Wednesday, 05 September 2012 in Policy and Business News
The World Economic Forum has just released the 2012-2013 Global Competitiveness Report. This year, Indonesia ranked 50 amongst 144 countries in the world. Dropping four places compared to last year, Indonesia's competitiveness is behind Malaysia, China and Thailand but still ahead of Philippines, Vietnam and all South Asian countries. Major shortcomings are found in the area of institutional framework (particularly due to concerns on corruption and bribery), infrastructure, and public health. On the other hand, provision of basic education and macroeconomic environment exhibited good performance. According to the report, to increase further competitiveness Indonesia should give priorities to address the rigidities and inefficiencies in the labour market, as well as to boost technological readiness.
Source: 2012-2013 Global Competitiveness Report. http://www.weforum.org/gcr