* According to the Switzerland-based International Institute for Management and Development (IMD), Taiwan was ranked 11th in the 2013 global competitiveness ranking. It was a five-notch drop from 2012. Taiwan’s decline in competitiveness was primarily because of the island’s weak domestic economy and a listless job market. Meanwhile, Taiwan remained in third place in Asia-Pacific for the third consecutive year—behind only Honk Kong and Singapore.
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