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Asia Gains in Digital Economy Rankings
Source: tax-news.com
Source Date: Tuesday, July 13, 2010
Focus: Institution and HR Management
Created: Jul 19, 2010

The Economist Intelligence Unit has released its Digital Economy Rankings for 2010, which find that, despite Europe maintaining top position in terms of Internet infrastructure and adoption, recent investment has dramatically improved the Asia-Pacific region's e-readiness.

“The top performers in the 2010 digital economy rankings — led this year by Sweden (1st), which dislodged the perennial e-readiness leader, Denmark (2nd) - demonstrate a high degree of connectivity and score well on all fronts, from the quality of their business and legal environments to social and cultural drivers of digital progress, the existence of sound public policy on ICT, and the levels at which consumers and businesses actually use digital services,” the report states.

“Many in Europe and North America suffered a decline in their positions in the table, as we found the availability of ultra-high speed networks to be in considerable need of development. By contrast, those economies that have invested heavily in the next generation of Internet infrastructure saw their scores — and rankings — rise, notably Asian countries such as Taiwan (12th), South Korea (13th) and Japan (16th),” the report said.

In the rankings for 2010, the United States rose two positions to finish 3rd, while Hong Kong, now in 7th place, overtook Singapore. As noted previously, Taiwan rose 4 places to 12th in the index, ahead of the United Kingdom which fell one place to 14th.

Other territories of note that were placed in the top 25 include: Ireland, up one place to 17th; Switzerland which fell 7 places to 19th; Bermuda which fell one place to 22nd; and Malta which maintained 23rd position. The United Arab Emirates was placed 32nd.

Sitting towards the bottom of the table, the Economist’s report found that emerging markets China and India still remain considerably behind their international counterparts in terms of e-readiness, placing 56th and 58th, respectively.
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