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China ranks 2nd in Fudan competitiveness report
By Liang Yiwen |
October 27, 2010, Wednesday
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Online Edition
Online Edition
THE United States topped the overall ranking in the World Competitiveness Report 2009-2010 released by Fudan University today. China came second, followed by Japan, in first such report from Fudan University which covers 75 major economies.
The Shanghai-based university plans to issue the report annually.
Compared with the renowned Global Competitiveness Report by the World Economic Forum and the IMD World Competitiveness Yearbook, this report focuses more on the potential development instead of current economic status and market environment.
Fudan's competitiveness report was in favor of the emerging economies such as BRICs – Brazil, Russia, India and China.
China ranked 29th place in the WEF report with India, Brazil and Russia at the 49th, 56th and 63rd place.
But in Fudan's report, China was high in the second place with Russia, Brazil and India taking the 15th, 19th and 22nd place respectively.
"It's unreasonable to exclude China from the top 20 and place it behind small economies like Finland because the world pays much attention to China's economy," said Professor Xie Shiyu of the School of Economics at Fudan University and a major writer of the report.
The report measures each country's competitiveness in four aspects -- the inner momentum, resources, social and political environment, and economic performance.
China scored the highest in resources and economic performance thanks to its rich labor resources and fast GDP growth in recent years.
However, it fell to the 30th place in terms of inner momentum and the 50th place in environment index due to its lack of innovation and social conflicts, researchers said.
"China should work hard for a fair distribution of wealth to narrow the income gap," Xie said.
The Shanghai-based university plans to issue the report annually.
Compared with the renowned Global Competitiveness Report by the World Economic Forum and the IMD World Competitiveness Yearbook, this report focuses more on the potential development instead of current economic status and market environment.
Fudan's competitiveness report was in favor of the emerging economies such as BRICs – Brazil, Russia, India and China.
China ranked 29th place in the WEF report with India, Brazil and Russia at the 49th, 56th and 63rd place.
But in Fudan's report, China was high in the second place with Russia, Brazil and India taking the 15th, 19th and 22nd place respectively.
"It's unreasonable to exclude China from the top 20 and place it behind small economies like Finland because the world pays much attention to China's economy," said Professor Xie Shiyu of the School of Economics at Fudan University and a major writer of the report.
The report measures each country's competitiveness in four aspects -- the inner momentum, resources, social and political environment, and economic performance.
China scored the highest in resources and economic performance thanks to its rich labor resources and fast GDP growth in recent years.
However, it fell to the 30th place in terms of inner momentum and the 50th place in environment index due to its lack of innovation and social conflicts, researchers said.
"China should work hard for a fair distribution of wealth to narrow the income gap," Xie said.
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