Thailand's Economic Competitiveness
จีน: ผู้นำโลกเสรีตัวจริง? การจัดอันดับใหม่ที่ต้องอึ้ง! IMD World Competitiveness 2024
Summary
The IMD World Competitiveness 2024 results contain a result that cuts against expectation: China ahead of the United States on social framework.
More broadly, BRICS members are climbing while some G7 members fall, and Thailand has risen past several of the latter.
The caution the talk leaves is to check what a ranking actually measures before accepting a media narrative built on it.
Key points
A ranking depends on what it chooses to measure
Shocking results usually resolve once you look at what the index actually scores.
Social framework is not the same as freedom
They are measured differently, which is why the result runs against intuition.
Thailand rising does not mean the problems went away
A ranking is comparative. Others falling can lift you.
The free-world framing needs checking
The argument is to look at the numbers before accepting the frame around them.