Thailand's competitiveness ranking drops

The IMD World Competitiveness Centre's ranking covers 61 economies, looking at several aspects of each country as a place to conduct business.

Thailand's ranking has been falling for two years in a row - from the 27th in 2013, the 29th in 2014 and the 30th in 2015. In 2012, it was also placed at the 30th. 

"A general analysis of the 2015 ranking shows that top countries are going back to the basics,” said Professor Arturo Bris, director of the IMD World Competitiveness Centre. “Productivity and efficiency are in the driver’s seat of the competitiveness wagon. Companies in those countries are increasing their efforts to minimise their environmental impact and provide a strong organizational structure for workforces to thrive.”