Institutional Framework Efficiency: IMD World Competitiveness Ranking
The IMD World Competitiveness Yearbook provides an assessment of the institutional framework efficiency in different countries. It evaluates various factors such as government institutions, governance, and regulatory efficiency and their influence on competitiveness. The rankings in this category indicate the level of efficiency and effectiveness of institutional frameworks in supporting economic competitiveness.
Here are the rankings for institutional framework efficiency according to the IMD World Competitiveness Ranking for different years:
In 2019, Switzerland secured the first place, followed by Singapore in second place and Norway in third place. Brazil, Argentina, and Venezuela held rankings of 61st, 62nd, and 63rd, respectively.
In 2020, Denmark claimed the top position, with Switzerland in second place and Norway in third place. Ukraine, Venezuela, and Argentina ranked 61st, 62nd, and 63rd, respectively.
In 2021, Switzerland secured the first place again, followed by Norway in second place and Sweden in third place. Turkey, Argentina, and Venezuela held rankings of 62nd, 63rd, and 64th, respectively.
In 2022, Switzerland claimed the top position, followed by Denmark in second place and Finland in third place. Brazil, Venezuela, and Argentina ranked 61st, 62nd, and 63rd, respectively.
These rankings provide insights into the efficiency of institutional frameworks in different countries. Higher index values indicate a more efficient institutional framework, contributing to economic competitiveness. By referring to these rankings and related reports, you can gain a better understanding of how institutional efficiency influences competitiveness within various nations.
