Recently, the globally renowned business school IMD in Switzerland released the annual ranking of the most competitive economies for 2020. Canada ranked 8th!
This year marks the 32nd consecutive year that IMD has published the "World Competitiveness Yearbook." The rankings are based on a survey of 5,866 executives from 63 countries, covering four main areas: economic performance, government efficiency, business efficiency, and infrastructure. Compared to 2019, Canada’s competitiveness on the world stage has jumped from 13th to 8th, making it the leading country in North America.
Canada's inclusion in the top ten most competitive countries globally is well-supported by strong reasons. Canada has achieved excellent results in various sectors:
In the economic performance category, Canada ranked 8th and 9th globally for investment and price performance, respectively.
In terms of government efficiency, Canada’s institutional framework and social framework both achieved a global ranking of 10th.
In business efficiency, Canada ranked 5th, 6th, and 7th in labor market, finance, and management practices, respectively.
In infrastructure, Canada’s health and environment received an 8th place ranking.
In education, Canada was awarded 4th place globally.
Economists believe that competitiveness is crucial for the long-term health of a country's economy, as it enables businesses to achieve sustainable growth, create jobs, and ultimately improve the welfare of citizens.
In fact, Canada is not only highly competitive internationally but also attracts numerous new immigrants each year due to its friendly immigration policies. Additionally, Canada boasts a robust welfare system, high quality of life, high safety index, strong social inclusivity, and is recognized as a country with high educational quality, advanced educational concepts, and significant investment in education as a percentage of GDP.
For those interested in immigrating to Canada, now is a great time. The Asia Brand 500 Group has launched low-threshold investment immigration programs for Quebec, allowing for quick entry through entrepreneur immigration in Saskatchewan, Prince Edward Island, Manitoba, and New Brunswick, among other Canadian investment immigration projects, helping investors realize their dreams of moving to the Maple Leaf country.
2020 is the year of health planning; health planning comes first. Canada, with its strong competitiveness and multiculturalism, is worth your choice. For more details, please consult: Mainland China: 400-138-2929 Hong Kong: (852) 2802 8798.
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