INSTRUCTIONS: The IMD World Competitiveness Yearbook (WCY), first published in 1989, is a comprehensive annual report and worldwide reference point on the competitiveness of countries. It analyses and ranks countries according to how they manage their competencies to achieve long-term value creation. An economy's competitiveness cannot be reduced only to GDP and productivity because enterprises also have to cope with political, social and cultural dimensions. Governments therefore need to provide an environment characterised by efficient infrastructures, institutions and policies that encourage sustainable value creation by the enterprises. The World Competitiveness Ranking 2022 is based on 333 competitiveness criteria, consist of hard data and survey data. https://www.imd.ora/centers/world-competitiveness-center/rankings/world- competitiveness/ Softcopy of the World Competitiveness Booklet 2022 will be provided. Each student will be given one country to analyse (refer to Appendix). You are encouraged to refer to other sources to substantiate your analysis and arguments. About 2000-3000 words only. Questions: 1) Review the World Competitiveness Ranking 2022 in terms of methodology and the FOUR (4) factors being measured