Economic competition strong in Turkey

BRUSSELS - Anatolia News Agency

Turkey has moved ahead of European countries like Spain and Italy in terms of economic competitiveness, according to a list compiled by Swiss IMD, which trains upper level managers for global firms.

IMD’s 2012 rankings place Turkey at 62.24 points on a 100 point scale, thereby coming in at number 38, up one spot from the year before. Hong Kong tops the list at 100 points followed by the United States at 97.75 points and Switzerland in third place with 96.68 points. Other countries in the top ten include Singapore, Sweden, Canada, Taiwan, Norway, Germany and Qatar.

Countries that rank behind Turkey on the list include Spain, Italy, Portugal, Hungary, Slovakia, Slovenia, Romania, Bulgaria, Greece and the BRIC countries of Brazil, Russia and South Africa.

IMD is a nonprofit business school located in Lausanne, Switzerland. It is widely considered one of the world’s pioneers in business education.

The IMD World Competitiveness Center has been a pioneer in the field of competitiveness of nations and enterprises since 1989. It is dedicated to the advancement of knowledge on world competitiveness by gathering the latest and most relevant data on the subject and by analyzing the policy implications.