Thailand saw a slight improvement in its competitiveness ranking, moving up from 28 last year to 27 this year, according to the IMD World Competitiveness Ranking 2017 released late Tuesday.
The top five economies of the 63 rated this year are: Hong Kong, Switzerland, Singapore, the United States and Netherlands.
Thailand’s ranking improved in the areas of economic performance and government efficiency, but its digital competitiveness ranking, however, dropped to 41 this year from 39 last year. Thailand was rated poorly in many areas: e-governance, software piracy, IT education and training, and digital and technological skills.
Thailand’s digital competitiveness ranking is a reflection that the government’s 4.0 policy has yet to bear fruit.
The IMD World Competitiveness Centre this year published for the first time separate digital competitiveness rankings.