The World Competitiveness Yearbook, published by International Institute for Management Development, Swiss, has often been referred by the governments worldwide when determining infrastructure development strategies. In the report, the weakest indicators identified imply the areas the nation should emphasize its improvement effort on. However, the Yearbook only suggests the weakest indicators based on the ranking without considering the economic characteristics of the nation and that most indicators are not normally distributed. This research improves the selection method of the Yearbook by considering both the ranking and the standard deviations of the indicators. It also provides a graphic matrix that can visually show the competitiveness status of each indicator in two dimensions, a useful reference for the policy makers to use when determining infrastructure investment.
|Number of pages||10|
|Journal||Journal of the Chinese Institute of Civil and Hydraulic Engineering|
|State||Published - 1 Mar 2008|
- Competitiveness of nations
- Weakest criteria
- World competitiveness yearbook