Croatia Not Faring Well on the World Competitiveness List Published by IMD
Zagreb, May 15 (CP) – Croatia has come 49th out of 55 countries on the world competitiveness list with all EU members fairing better, but with Croatia doing better by four places than the previous year.
The list for 2008 was published by the Institute for Management Development (IMD) headquartered in Lausanne and has seen Croatia’s position shift by four places, but still being outdone by new EU members Bulgaria and Romania.
The best positioned have been the US, Singapore and Hong Kong.
Croatia is expected to introduce a string of reforms in several areas like the efficiency of its economy, which may result in its competitiveness improving. Croatia has done best in the tourism revenue segment.
Slovenia and Poland have enjoyed the most improvement over the past year, leaping by eight places, while Ukraine has dropped by as many places.
This has been the third year that Croatia has been included in the IMD world competitiveness yearbook.
News Info: News in Business, Tagged: competitiveness, Croatia
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