Taipei, Sept. 7 (CNA) Taiwan received its best score in five years in the Global Competitivess Report 2010-2011 released by the Geneva-based World Economic Forum (WEF) Wednesday, although its ranking of 13th place remained unchanged from last year.
Taiwan got a score of 5.26 points in the WEF's latest competitivess report, which evaluates the competitive edges of 142 economies around the world. The score was 0.05 points up from the year-! earlier level and also the highest score since 2007, the Cabinet-level Council for Economic Planning and Development (CEPD) said in a statement.
The number of countries evaluated in this year's study was three more than last year, yet Taiwan managed to remain within the world's top 10 percent, indicating that the country's competitiveness remains solid amid signs of a slowdown in the global economic recovery, the CEPD statement said.
Among Asia-Pacific economies, Taiwan ranked fourth, same as last year and only lagging behind Singapore, Japan and Hong Kong, the CEPD noted.
The WEF ranking was based on publicly available data and a survey of 14,000 business leaders in 142 countries. The countries were rated in terms of three categories of indexes -- basic requirements, efficiency enhancers and innovation/sophistication factors.
The three indexes consist of 12 pillars -- institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness,&! nbsp;market size, business sophistication and innovation -- as well as 110 more detailed indicators.
Taiwan received the most recognition of its capacity to innovate, ranking at ninth among the 142 countries or economies studied. The WEF report said Taiwan possesses "undeniable" innovation ability and that the country has fully developed into an innovation-driven economy.
According to the report, Taiwan boasts the world's highest utility patents granted/per million people and ranks 10th in the high education and training&n! bsp;index. Taiwan also gets good ratings in company spending on R&D, government procurement of advanced technology products, university-industry collaboration in R&D, and availability of scientists and engineers.
Meanwhile, the CEPD statement said Taiwan has continued to outperformed South Korea, one of Taiwan's major trade competitors, for three consecutive years in the annual WEF competitiveness report, with the leading margin widening annually.
In 2008, South Korea ranked at 13th place, outshining Taiwan's 17th place, but Taiwan beat South Korea in 2009 by seven notches, ranking 12th place, compared with Korea's 19th place. The margin widened to nine places in 2010, (13th place compared with Korea's 22nd place, and further enlarged to 11 notches this year (13th place compared with Korea's 24th place.) (By Tsao Yu-fan and Sofia Wu) enditem/cs