But here's what it should improve more on.
Hong Kong ranked 10th out of 148 economies in IP protection, according to the Global Competitiveness Report 2013-2014 published by the World Economic Forum.
Here's more from the report released in September: Hong Kong SAR further consolidates its position among the 10 most competitive economies, advancing a further two places to 7th, thanks to a consistently strong performance. In particular, Hong Kong tops the infrastructure pillar for the fourth consecutive edition, reflecting the outstanding quality of its facilities across all modes of transportation. It also dominates the financial market development pillar, owing to the high level of efficiency, trustworthiness, and stability of the system.
As in the case of Singapore, the dynamism and efficiency of Hong Kong’s goods market (2nd) and labor market (3rd) further contribute to its excellent overall positioning. In order to enhance its competitiveness, Hong Kong must improve on higher education (22nd) and innovation (23rd, up three). In the latter category, the quality of research institutions (31st) and the limited availability of scientists and engineers (32nd) remain the two key issues to be addressed.
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