IDA Ireland welcomed the news that the IMD World Competitiveness Yearbook 2013 saw Ireland rise 3 places to number 17 in overall competitiveness rankings.
Ireland also made significant improvements in areas including government finances, growth and inflation. More than half the executives surveyed for the report identified a competitive tax regime, skilled workforce, business friendly environment, and high educational levels as key attractiveness factors in Ireland. Ireland ranks:
- 3rd for availability of skilled labour
- 1st for flexibility and adaptability of workforce
- 1st for attitudes to globalisation
- 1st for investment incentives
The IMD World Competitiveness Yearbook The IMD World Competitiveness Yearbook (WCY) is reputed as being the worldwide reference point on the competitiveness of nations, ranking and analyzing how an economy manages the totality of its resources and competencies to increase the prosperity ot its population. It has been published since 1989 and compares the competitiveness of 60 nations on the basis of over 300 criteria. It is based on hard data statistics and a business executives’ opinion survey.