3 of 5
. Hong Kong
TIE
Pedestrians wait to cross a busy street in the Causeway Bay district of Hong Kong.
Formerly top-ranked Hong Kong has fallen to third place this year. But the financial and shipping hub still has plenty of attractive features.
Survey respondents said the city's low taxes are a big draw, as is the former British colony's effective legal environment.
But the city got poor marks for research and development, labor relations and policy stability.
Source: IMD World Competitiveness Center
Methodology: The IMD World Competitiveness Yearbook uses economic data and survey results to construct a ranking of 60 world economies. Countries are evaluated in four broad categories: economic performance, government efficiency, business efficiency and infrastructure.
Methodology: The IMD World Competitiveness Yearbook uses economic data and survey results to construct a ranking of 60 world economies. Countries are evaluated in four broad categories: economic performance, government efficiency, business efficiency and infrastructure.
- Last updated May 30 2013 09:07 AM ET
