At the Cabinet's weekly meeting Thursday, Premier Lai Ching-te said Taiwan has in the last two years climbed out of its economic slump under the leadership of President Tsai Ing-wen, and that the Executive Yuan's efforts to push for economic transformation and a better investment climate have garnered growing international recognition. He called on people across the nation to work together toward continued progress and improvement.
In the Global Competitiveness Report 2018 released Wednesday by the World Economic Forum (WEF) based in Switzerland, Taiwan placed 13th overall out of 140 nations studied, the premier said. The report, which measures competitiveness using 98 indicators grouped into 12 pillars, placed Taiwan in the top 10 in 18 indicators and first in the "macroeconomic stability" pillar. Taiwan also ranked fourth worldwide and first in Asia in the "innovation capability" pillar, earning recognition from the WEF as a "super innovator."
Premier Lai instructed government agencies to continue their respective efforts to raise Taiwan's competitiveness in accordance with the policies outlined in President Tsai's National Day address last week.