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Global Competitiveness Index 2019; Global Competitiveness Index 2019. The index has flagged limited ICT (information, communications and technology) adoption, poor health conditions and low healthy life expectancy as the reasons. The new tool maps the competitiveness landscape of 140 economies through 98 indicators organised into 12 pillars. Zurich, Stockholm, Oslo take top spots in the cities’ ranking 3. Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings. Seventeen of the 34 sub-Saharan African economies studied are among the bottom 20, and the region’s average (45.2) placed it less than halfway to the frontier. Global Cybersecurity Index 2018 1troduction In More than half of the world population is currently online. Chapter 3: Introducing the Global Competitiveness Index 4.0, Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings, Appendix C: Methodology and Technical Notes, Centre for the Fourth Industrial Revolution, A Global Platform for Geostrategic Collaboration, Schwab Foundation for Social Entrepreneurship, The World Economic Forum’s annual study on the global economy finds a competitiveness landscape radically altered by the impact of the Fourth Industrial Revolution, Under the new framework for competitiveness, the U.S. economy is the closest to the “competitiveness frontier”, followed by Singapore, Germany, Switzerland and Japan, The Global Competitiveness Report’s new methodology also offers insights into economies’ readiness for the future, social capital, endowment of disruptive businesses and debt concerns, among other indicators, Access the full report, infographics and more, Follow the Forum on Instagram at http://wef.ch/instagram. Mauritius (49th, 63.7) leads the region, ahead of South Africa and nearly 30 points and 91 places ahead of Chad (140th, 35.5). The 2018 edition captured the views of 16,658 business executives in 140 economies between January and April 2018. Tajikistan Competitiveness Index The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. Only those economies that recognize the importance of the Fourth Industrial Revolution will be able to expand opportunities for their people,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. Paul Evans and Bruno Lanvin, Co-authors; 3:30 pm Panel Discussion on ‘Talent diversity to fuel the future of work’ Ian Lee, Regional Head, Asia Pacific, and Executive Committee member, The Adecco Group; Vinod Kumar, Chief Executive Officer and Managing Director, Tata Communications Almost 30 points, and 80 ranks separate the United States from Argentina (81st, 57.5), the worst performing G20 economy. The Centre is also supporting developed and emerging economies in setting up public-private collaborations to close skills gaps and prepare for the future of work as part of its human capital agenda. The Global Competitiveness Index 2019 (GCI 4.0) has been released by the World Economic Forum (WEF).The 2019 edition of the index covers 141 economies which is equal to 99% of the world GDP. For specific uses permission MUST be requested. Marking its 30th edition this year, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions – that the countries on the top of the list each have a unique approach to becoming competitive. Competitiveness Index in Finland averaged 22.69 Points from 2007 until 2019, reaching an all time high of 80.26 Points in 2018 and a record low of 5.36 Points in 2011. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. This is especially true when it comes to innovation: while it is true that a strong focus on technology can provide leapfrogging opportunities for low and middle income countries, governments must not lose sight of ‘old’ developmental issues, such as governance, infrastructure and skills. Competitiveness Index in Nigeria averaged 13.81 Points from 2007 until 2019, reaching an all time high of 48.33 Points in 2019 and a record low of 3.37 Points in 2011. The report and any opinions expressed in this publication are Kenya is in 93rd position with a score of 53.7 while Nigeria is in 115th position with a score of 47.5 out of 100. Finland scored 80.25 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Here, 103 countries score lower than 50 in this area of the index which is topped by Germany, followed by the United States and Switzerland. The country’s institutional framework also remains relatively sound (74.6, 13th). Geneva, Switzerland, 17 October 2018 –The changing nature of economic competitiveness in a world that is becoming increasingly transformed by new, digital technologies is creating a new set of challenges for governments and businesses, which collectively run the risk of having a negative impact on future growth and productivity. 2018 Global Talent Competitiveness Index: Talent Diversity and Competitiveness will fuel the future of work 1. We use cookies to improve your experience on our website. The Global Competitiveness Report 2017–2018 | 317 This appendix presents a short description of each pillar of the Global Competitiveness Index 2017–2018 (GCI) and of the application of the concept of stages of development to weight the Index. The appendix also presents the detailed structure of the GCI and explains how the Index is computed. Global Competitiveness Index 2017–2018 Appendix B: Global Competitiveness Index 2017–2018 Rankings 325 Appendix C: The Executive Opinion Survey: 333 The Voice of the Business Community Appendix D: Technical Notes and Sources 341 Appendix E: The Future of Competitiveness Benchmarking: A Proposal 353 Acknowledgments 375 Contents A significant portion of the Centre’s work focuses on shaping frameworks for fostering growth and inclusion, including an accelerator for industrial policy and competitiveness in the Fourth Industrial Revolution. The index is an annual yardstick for policy-makers to look beyond short-term and reactionary measures . place in the world! This year’s edition highlights that declining openness is threatening growth and prosperity. : +4179 799 3405; [email protected], عربي  I Español I Français I Português I 日本語 I 中文. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Chapter 1.1 – Maritime Shipping and International Trade, Circular economy in ports and maritime shipping (new), Blockchains and intermodal transportation (update). The Global Competitiveness Index 2017-2018 presents a framework and a corresponding set of indicators in three principal categories (subindexes) and twelve policy domains (pillars) for … Cookie Notice. The material cannot be copied or redistributed in ANY FORM and on ANY MEDIA. The 2018 index comprises 98 indicators derived from a combination of G20 results are highly diverse. With a score of 71.2, the United States trails Korea by a full 20 points. “Competitiveness is neither a competition nor a zero-sum game—all countries can become more prosperous. The Index measures with more than 70 comparable indicators the ability of a region to offer an attractive and sustainable environment for firms and residents to live and work. The 2016-2017 edition covers 138 economies. For example, workers in the Index’s ten most competitive economies work on average five hours less per week than workers in the three BRICS economies – Brazil, India and Russia – for which working time data is available. By using our website you consent to all cookies in accordance with our updated For 2017, Switzerland was ranked 1 whereas Yemen, Rep. was the country with the lowest rank of 137. The 2016-2017 edition covers 138 economies. source: World Economic Forum. Competitiveness Index in Thailand averaged 19.06 Points from 2007 until 2019, reaching an all time high of 68.11 Points in 2019 and a record low of 4.51 Points in 2011. The HR Health Administration Services market will register an incremental spend of about USD 106.58 billion, growing at a CAGR of 8.89% from 2020 … Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum. In addition to the United States, other G20 economies in the top 10 include Germany (3rd, 82.8), Japan (5th, 82.4) and the United Kingdom (8th, 82.0). The Global Competitiveness Report is published annually by the World Economic Forum (WEF), which ranks countries and releases information regarding their economic competitiveness based on a Global Competitiveness Index (GCI). Following the data editing process described below, a total of 12,274 responses were retained. I foresee a new global divide between countries who understand innovative transformations and those that don’t. Content This is the key finding of the World Economic Forum’s Global Competitiveness Report, which is published today. India has moved down 10 places to rank 68th in 2019 from 58th in 2018 on the global competitiveness index. The 2018 edition of the Global Competitiveness Report represents a milestone in the four-decade history of the series, with the introduction of the new Global Competitiveness Index 4.0. source: World Economic Forum. Covering 137 economies, the Global Competitiveness Index 2017–2018 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity. Global Competitiveness Index, 2018. Sweden (9th, 81.7) is the highest ranked of the Nordic economies, while France (17th, 78.0) is among the top 20. China and the United States jockey for top honors while Germany holds firm. However, there are indications of a weakening social fabric (63.3, down from 65.5) and worsening security situation (79.1, 56th)—the United States has a homicide rate five times the advanced economies’ average. The region’s competitiveness remains fragile and could be further jeopardized by a number of factors including increased risk from trade protectionism in the United States; spillover of Venezuela’s economic and humanitarian crisis; policy uncertainty from elections in the region’s largest economies, and disruptions from natural disasters threatening the Caribbean. The report was made available to newsmen in … They comprise 98 individual indicators. A weekly update of what’s on the Global Agenda. The Global Competitiveness Report 2018 | iii Preface v by Klaus Schwab Summary of Key Findings vii At a Glance: The Global Competitiveness Index 4.0 2018 Rankings xi Introduction: A New Economic Compass for the Fourth Industrial Revolution 1 Chapter 1: Global Findings 5 Chapter 2: Regional and Country Analysis 23 Turkey scored 62.14 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. When combining these factors, the United States achieves the best overall performance with a score of 85.6, ahead of Singapore and Germany. IMD World Competitiveness Rankings 2018 Results. A key message from the report is the need for a broad-based approach to raising competitiveness – a strong performance in one area cannot make up for a weak performance in another. introduced last year the new Global Competitiveness Index 4.0, a much-needed new economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness. These are among the several factors that contribute to making the US’ innovation ecosystem one of the best in the world (86.5, 2nd behind Germany). In Depth: Are prosperity, people and planet compatible? Source: World Economic Forum. It is followed by Russia which is ranked 43. This page provides the latest reported value for - Finland Competitiveness Index - plus … The 2018 results of the “Global Competitiveness Index” show that in the category “environment”, pillar “Macroeconomic stability” Latvia, together with the other 32 countries share 1st (!) The Global Competitiveness Report 2017–2018 | iii Preface v by Richard Samans Introduction vii At a Glance: Global Competitiveness Index 2017–2018 Rankings ix Chapter 1: The Quest for More and Better Growth 1 Chapter 2: Key Findings of the Global Competitiveness Index 2017–2018 11 Recent developments are reflected only insofar as they have an impact on data measuring these determinants. The Global Competitiveness Index (GCI) is a composite index of four groups of indicators: enabling environment (institutions, infrastructure, ICT adoption, and macro-economic stability), human capital (health, skills), markets (product market, labor market, financial system, market size), and innovation ecosystem (business dynamism, innovation capability). With no inherent trade-off between competitiveness and inclusion, it is possible to be pro-growth and inclusive at the same time. Both indicators of this pillar are highly valued: inflation, as well as sovereign debt dynamics. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. “Embracing the Fourth Industrial Revolution has become a defining factor for competitiveness. Insecurity and weak institutions are two of the biggest challenges for most countries. Global Competitiveness Index 2017-18 Rankings Covering 137 economies, the Global Competitiveness Index 2017–2018 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity. individuals, equivalent to 3.9 billion people, were using the Internet. The 2018 results of the “Global Competitiveness Index” show that in the category “environment”, pillar “Macroeconomic stability” Latvia, together with the other 32 countries share 1st (!) The chief reasons are strong gains by the dollar over other major currencies, factory wages that have been rising faster than manufacturing productivity growth, and a declining energy-cost advantage as gaps in global energy prices narrow. At a time of escalating trade tensions and a backlash against globalization, the report also reveals the importance of openness for competitiveness. One unifying theme among the world’s most competitive economies is that they all possess considerable room for improvement. Share. Venezuela (127th, 43.2) and Haiti (138th, 36.5) close the march. The Global Sustainable Competitiveness Index. Diversity holds untapped potential for competitiveness Content The country also leads the infrastructure pillar, with a nearly perfect score of 95.7, thanks to its world-class transport infrastructure and connectivity. In general, European countries continue to dominate the GTCI rankings, with 15 in the top 25. The Global Competitiveness Index (GCI) is a composite index of four groups of indicators: enabling environment (institutions, infrastructure, ICT adoption, and macro-economic stability), human capital (health, skills), markets (product market, labor market, financial system, market size), … This is the fourth version of the global competitiveness index – hence referred to as GCI 4.0 – and it was introduced in 2018. 140Chad 35.5 –6 — Covering 140 economies, the Global Competitiveness Index 4.0 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity. Report highlights. The Report series remains the most comprehensive assessment of national competitiveness worldwide. Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Mexico averaged 18.18 Points from 2007 until 2019, reaching an all time high of 64.95 Points in 2019 and a record low of 4.18 Points in 2010. The 2018 Global Talent Competitiveness Index (GTCI) report found that Switzerland still leads the way in terms of talent competitiveness, followed by Singapore and the United States. With a score of 85.6 out of 100, the United States is the country closest to the frontier of competitiveness. This is the top 30 of the 2018 report: United States 85.6 (+1) Singapore 83.5 (+1) Germany … Competitiveness Index in Turkey averaged 17.54 Points from 2007 until 2019, reaching an all time high of 62.14 Points in 2019 and a record low of 4.13 Points in 2007. A focus on intra-region connectivity, in combination with improvements in ICT readiness and investment in human capital would improve the region’s capacity to innovate, foster business dynamism and increase its competitiveness performance. This data suggests that global economic health would be positively impacted by a return to greater openness and integration. Saudi Arabia is in 39th position with a score of 67.5 out of 100. The appendix also presents the detailed structure of the GCI and explains how the Index is computed. Singapore ranks second in the overall rankings (score of 83.5), with openness as the defining feature of this global trading hub and one of the main drivers of its economic success. Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings 615 Appendix B: The Executive Opinion Survey: 623 The Voice of the Business Community Appendix C: Global Competitiveness Index 4.0 Methodology and Technical Notes 631 Contributors and Acknowledgements 649 Partner Institutes 651 Contents The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. It notably leads the Business dynamism pillar, thanks to its vibrant entrepreneurial culture, the Labour market pillar (score of 81.9 out of 100) and the Financial system (92.1) pillar. By the end of 2018, 51.2 per cent of . The 2018 index comprises 98 indicators derived from a … The global competitiveness index 2018 ranking. The Global Competitiveness Index (GCI) is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. This page provides the latest reported value for - Ukraine Competitiveness Index - plus … According to the report, which in 2018 uses a brand new methodology to fully capture the dynamics of the global economy in the Fourth Industrial Revolution, many of the factors that will have the greatest impact in driving competitiveness in the future have never been the focus of major policy decisions in the past. In Depth: Should countries pursue openness? 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