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The “IMD World Competitiveness Rating 2023” printed by the Financial Coverage and Competitiveness Analysis Middle was offered on June 20.
Out of 64 international locations included within the World Competitiveness Report, Mongolia was ranked 62nd. The institute ranks economies based mostly on 164 competitiveness standards, that are grouped into 4 components, together with financial efficiency, authorities effectivity, enterprise effectivity, and infrastructure. Denmark, Eire, Switzerland, Singapore, and Netherlands have been ranked as essentially the most aggressive international locations. As within the earlier 12 months, Brazil, South Africa, Mongolia, Argentina, and Venezuela have been named because the international locations with the weakest competitiveness.
On this regard, Chairman of the Board of Administrators of the Middle for Financial Coverage and Competitiveness Analysis P.Tsagaan mentioned, “The annual report on world competitiveness is researched and processed based mostly on a complete of 335 indicators. The report reveals the outcomes of the insurance policies and actions carried out within the route of the nation’s growth. It may be thought of as a unified report, mirror, criterion, and measure. Mongolia has 35.56 factors out of a complete of 100 factors for sure indicators. It is a lower of 0.64 factors from the earlier 12 months, which is one rank behind.”
Deputy Director of the Financial Coverage and Competitiveness Analysis Middle I.Odonchimeg mentioned, “This 12 months’s analysis report reveals that Mongolia is ranked 62nd out of 64 international locations within the total competitiveness rating. Lately, new indicators have been launched because of the results of science, robots, and the pandemic. When the primary research was performed in 2015, Mongolia was ranked 57th. This was the best indicator for Mongolia.”
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