Taiwan in World CompetitivenessAnd Becoming a Brain-Driven Economy: Taiwan in World Competitiveness And Becoming a Brain-Driven Economy National Taiwan University 2 March, 2007 Taiwan Dr Dr h .c. Peter Lorange President IMD The Nestlé Professor


Slide2: Thanks for inviting me! I shall present materials from the World Competitiveness Yearbook (WCY) This ranks: 61 countries/regions Annually, over the last 20 years 265 variables


Overall Competitiveness: Overall Competitiveness © IMD World Competitiveness Yearbook 2006 2006


Taiwan: Taiwan 01 02 03 04 05 20 17 12 18 11 OVERALL PERFORMANCE


Overall Competitiveness: Overall Competitiveness 40th 30th 20th 10th 1st


Let us now look at aspects of Business Efficiency:: Let us now look at aspects of Business Efficiency: Basically, a positive picture, as we shall see!


Business EfficiencyManagement Practices: Business Efficiency Management Practices Based on an index from 0 to 100 © IMD World Competitiveness Yearbook 2006


Business Efficiency – Management PracticesAdaptability of companies: Business Efficiency – Management Practices Adaptability of companies Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Adaptability of companies to market changes is high 2006


Business Efficiency – Attitudes and ValuesFlexibility and adaptability: Business Efficiency – Attitudes and Values Flexibility and adaptability Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Flexibility and adaptability of people in your economy are high when faced with new challenges 2006


Business Efficiency – Management PracticesEntrepreneurship: Business Efficiency – Management Practices Entrepreneurship Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Entrepreneurship of managers is widespread in business 2006


Business Efficiency – Attitudes and ValuesAttitudes toward globalization: Business Efficiency – Attitudes and Values Attitudes toward globalization Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Attitudes toward globalization are generally positive in your economy 2006


Business Efficiency - continued: Business Efficiency - continued Adaptable towards change, and entrepreneurship - both strong! The same is true with attitude towards globalization, and values in society to support competitiveness But, what about Taiwan’s image abroad?


Business Efficiency – Attitudes and ValuesImage abroad: Business Efficiency – Attitudes and Values Image abroad Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook The image abroad of your country/region encourages business development 2006


Image Abroad: Image Abroad As we can see – a higher score here might have been good! Let us now look at the Education Sector Key to the development of brain-driven competition!


InfrastructureEducation: Infrastructure Education Based on an index from 0 to 100 © IMD World Competitiveness Yearbook 2006 Overall assessment of Educational System


Infrastructure – EducationUniversity education: Infrastructure – Education University education Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Online (Updated: May 2006) University education meets the needs of a competitive economy 2006


Infrastructure - ScientificScience in schools: Infrastructure - Scientific Science in schools Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Science in schools is sufficiently emphasized 2006


Infrastructure – EducationQualified engineers: Infrastructure – Education Qualified engineers Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Online (Updated: May 2006) Qualified engineers are available in your labor market 2006


Business Efficiency – Labor MarketForeign high-skilled people: Business Efficiency – Labor Market Foreign high-skilled people Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Foreign high-skilled people are attracted by the business environment of your economy 2006


Education: Education We see that there is a job to be done here! Particularly in strengthening the university sector! Let us finally look at Health and the Quality of Life


InfrastructureHealth & Environment: Infrastructure Health & Environment Based on an index from 0 to 100 © IMD World Competitiveness Yearbook 2006


Infrastructure – Health & EnvironmentCarbon dioxide emissions: Infrastructure – Health & Environment Carbon dioxide emissions Sources: OECD, World Resources, WRI EarthTrends database © IMD World Competitiveness Yearbook CO2 emissions in metric tons per one million US$ of GDP 2003


Infrastructure – Health & EnvironmentPollution problems: Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Infrastructure – Health & Environment Pollution problems Pollution problems do not seriously affect your economy 2006


Infrastructure – Health & EnvironmentQuality of life: Sources IMD WCY Executive Opinion Survey based on an index from 0 to 10 © IMD World Competitiveness Yearbook Infrastructure – Health & Environment Quality of life The quality of life in your country is high 2006


Health – Quality of Life: Health – Quality of Life Taiwan will face challenges here too – to become more competitive in the global world


Conclusions: Conclusions Government efficiency and overall Economic performance are lagging! Business efficiency and the attitude toward business development are basically strong, healthy and realistic: to accept internationalism, adaptability and entrepreneurship is key! And Taiwan does! Taiwan must work on its image abroad! Promote increased quality of education particularly at the university level Strengthen focus on health, anti-pollution and quality of life!