Indonesia Still Lags Behind at Level 6 Competitiveness

Economics & Macro

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02/06/2017 17:19 WIB

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2017 IMD World Competitiveness Centre Ranking Scores of Five ASEAN Countries

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Indonesia Still Lags Behind at Level 6 Competitiveness

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2017 IMD World Competitiveness Centre Ranking Scores of Five ASEAN Countries

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Indonesia's global competitiveness ranking in the IMD World Competitiveness Centre 2017 report rose six places to 42nd, up from 48th the previous year. Indonesia achieved a score of 71.116 in the report. However, this improvement did not lift Indonesia from its last place ranking among the five Southeast Asian nations, or ASEAN 5 (Singapore, Malaysia, Thailand, Philippines, and Indonesia).

Singapore remained in first place as the most competitive nation in the ASEAN 5 with a score of 99.488. This was followed by Malaysia in second place with a score of 83.53, Thailand in third place with a score of 80.095, and the Philippines in fourth place with a score of 71.798.

Insufficient funding for infrastructure programs, unclear infrastructure development priorities, inconsistent regulations, and inadequate law enforcement have resulted in Indonesia's ranking lagging behind other ASEAN member states. The persistence of corruption and collusion, along with significant wealth inequality, has prevented Indonesia's competitiveness ranking from improving further.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."