Taiwan is ranked fourth among 50 major economies globally in the latest Profit Opportunity Recommendation report by U.S.-based Business Environment Risk Intelligence SA, according to the Ministry of Economic Affairs Dec. 25.
Trailing Switzerland, Norway and Singapore in that order, Taiwan outpaced neighbors South Korea, fifth; Japan, ninth; and China, 16th. The nation's strong performance was tempered by a drop of one spot from the previous edition of the triannual survey.
Taiwan's combined score of 67 earned it a second-best investment rating of 1B, indicating that conditions merit sustained commitment of equity. This was the same grade as awarded to the Netherlands, Norway, Singapore and South Korea, with only Switzerland achieving the top 1A rating.
Of the three indexes comprising the total score, Taiwan tied with Germany at fifth in operations risk, up one spot from the previous report and behind only Switzerland, Australia, the Netherlands and the U.S.
According to BERI, among the 15 sub-indexes for operations risk, Taiwan came in first globally for administrative efficiency, communications and transportation, monetary supply and inflation, and labor costs/productivity, as well as second in balance of payments and economic growth.
In the political risk category, Taiwan was ranked 15th, down three spots from the previous survey, with the report attributing this to fallout from last month's local elections.
As for remittance and repatriation factor, Taiwan continued to top the world, with BERI crediting this strong performance to an annual increase of 4.68 percent in the current account balance to US$37.17 billion during the first half of the year. The country also placed first in the sub-indexes of accumulated international reserves, foreign debt assessment and foreign exchange generation, and second in legal framework.
Source: Taiwan Today
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