The latest yearly service of this prestigious ranking entity shows a eleven position improvement for Cyprus. This was in the combination of essential improvement elements rated. Of 63 nations, Cyprus ranks number 30.
In this I.M.D. ranking, Singapore was number one, followed by Denmark as the second most competitive country. Switzerland being number three. They are to be congratulated for their achievements.
The three largest commercial countries, China, Russia, and the United States, each had a declination. This, as should be understood, was due to the current world economy. It is much harder for the largest of commercial populations, even when led by very capable governments, to adjust, to unanticipated health debacles. Smaller Nations can respond quicker; They, which by their mere sizes have less complexity, of macro-operation, can adapt apace.
It behooves all of the report-listed 63 ‘entries’, as well as the remaining 130+ countries, in the world, to evaluate the I.M.D. report. They should do everything possible to raise their rankings higher. This benefits their citizens and makes for a copacetic commercial world, we can all profit by..
Reality: There are many ways to judge a country’s competitiveness; one being: If all the citizens living therein, have smiles on their faces.