Taiwan 11th in IMD's digital competitiveness ranking
Taiwan ranks 11th out of 63 major economies in the latest World Digital Competitiveness Ranking. The latest ranking represents a drop of three places from last year.
The annual report is released by the Swiss-based International Institute for Management Development (IMD). The rankings are based on 54 criteria under three major categories: "knowledge," "technology," and "future readiness."
Taiwan dropped from 2nd to 6th place in the "technology" category, with the institute citing investment in telecommunications as being the island's "overall top weakness."
Taiwan placed 8th in the "future readiness" category, that was down one place from last year while the island ranks 18th in the "knowledge" category - with "total public expenditure on education," "female researchers," "pupil-teacher ratio in tertiary education," and "scientific and technical employment" all identified as "overall top weaknesses."
The Ministry of Digital Affairs says the strengths and weaknesses identified in the rankings will serve as a reference for its policymaking going forward as it looks to achieve digital transformation and boost its digital capabilities.