International Institute for Management Development

The International Institute for Management Development (IMD) is a renowned institution based in Switzerland, widely recognized for its influential annual World Competitiveness Ranking. This ranking assesses the performance of economies worldwide across various metrics of competitiveness. The IMD has recently gained attention due to the release of its latest global competitiveness report. In this report, Hong Kong achieved a significant milestone, securing the second position globally, its highest ranking in seven years. This places Hong Kong just behind Singapore and ahead of 68 other surveyed economies. The IMD's rankings are a key indicator for governments and businesses, providing insights into economic strengths and areas for improvement. The institute's work is therefore highly relevant in understanding global economic trends and the strategic positioning of different nations and regions.