The “one country, two systems” framework is not a hindrance, but rather, a strategic advantage that allows Hong Kong to serve as a bridge between East and West for global professionals, writes Virginia Lee.
The recent publication of the World Talent Ranking 2024 by the International Institute for Management Development (IMD) has placed Hong Kong in the global spotlight as the city returned to the top 10 for the first time since 2016. This achievement is more than just a figure or a position on a chart; it is a testament to the remarkable progress Hong Kong has made in nurturing talent and maintaining its standing as a vibrant, competitive economy. These results serve as a definite rebuttal for those who have prematurely dismissed Hong Kong as a declining city, particularly regarding talent retention and development. The figures speak for themselves, and it is essential to dissect them in detail to understand the broader implications of this achievement.
Hong Kong’s ascent from 16th to ninth in the IMD ranking is a result of strategic policies and initiatives, particularly in education and talent development. The city’s position improved across all three key areas of talent competitiveness: readiness, investment and development, and appeal. In “readiness”, Hong Kong climbed from sixth to fourth, solidifying its role as a city capable of equipping its workforce with the necessary skills and training for the global economy.........