Infrastructure was a key factor improving the world competitiveness ranking of Thailand this year. (Photo by Patipat Janthong)Thailand has moved up five places, from the 25th from the 30th position, in a World Competitiveness ranking due to improved economic performance, government efficiency and infrastructure. The International Institute for Management Development (IMD) of Switzerland rated 63 economies for their economic performance, government efficiency, business efficiency and infrastructure. Thosaporn Sirisamphand, secretary-general of the National Economic and Social Development Council (NESDC), said on Wednesday that Thailand performed better in the three criteria of infrastructure, economic performance and government efficiency. Improved business legislation was highlighed in the criterion of government efficiency, he said, even while business efficiency actually dropped.

Source: Bangkok Post May 29, 2019 05:15 UTC