The Global Sustainable Competitiveness Index (GSCI) is the most comprehensive ranking of countries currently available. Following the data editing process described below, a total of 12,274 responses were retained. For example, while the report’s Global Competitiveness Index finds that Singapore is the most ‘future-ready’ economy, it trails Sweden when it comes to having a digitally skilled workforce. The country also leads the infrastructure pillar, with a nearly perfect score of 95.7, thanks to its world-class transport infrastructure and connectivity. 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. Since 2015, however, the US has lost competitiveness against 31 of the 34 countries in the index. The Global Competitiveness Index 2015-2016. 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. Advertisement Font Size. 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. 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. 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. 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 With opportunities for economic leapfrogging, diffusion of innovative ideas across borders and new forms of value creation, the Fourth Industrial Revolution can level the playing field for all economies. The biggest gap in this region lies in the development of an innovation ecosystem—New Zealand ranks 20thon the Innovation Capability pillar, while the Republic of Korea ranks 8th. In this light one worrying factor thrown up by this year’s Index is the fact that, for 117 of the 140 economies surveyed, quality of institutions remains a drag on overall competitiveness. This page provides the latest reported value for - Thailand Competitiveness Index - plus … China is the most competitive manufacturing nation…for now: Consistent with the previous 2010 and 2013 Global Manufacturing Competitiveness Index studies, China is again ranked as the most competitive manufacturing nation in 2016, but is expected to slip to second position as global … 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. 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. The new index sheds light on an emerging set of drivers of productivity and long-term growth in the era of the Fourth Industrial Revolution. Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings. The GCI 4.0 framework is built around 12 main drivers of productivity. By the end of 2018, 51.2 per cent of . At a time of escalating trade tensions and a backlash against globalization, the report also reveals the importance of openness for competitiveness. 2018 Global Talent Competitiveness Index: Talent Diversity and Competitiveness will fuel the future of work 1. Emerging markets such as Mongolia (99th, 52.7), Cambodia (110th, 50.2) and Lao PDR (112th, 49.3) are only half way to the frontier, making them vulnerable to a sudden shock, such as a faster-than-expected rise in interest rates in advanced economies and escalating trade tensions. However, it is critical that policies be put in place to improve conditions of those adversely affected by globalization within countries. 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. Global Competitiveness Index, 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. G20 results are highly diverse. Next is India, which ranks 58, up five places on 2017: with a score of 62, it registers the largest gain of any country in the G20. source: World Economic Forum. 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. Inclusive Development Index This page provides the latest reported value for - Nigeria Competitiveness Index - plus … “Competitiveness is neither a competition nor a zero-sum game—all countries can become more prosperous. Mauritius (49th, 63.7) leads the region, ahead of South Africa and nearly 30 points and 91 places ahead of Chad (140th, 35.5). Ukraine scored 56.99 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Nigeria scored 48.33 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. 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). In 52 economies over 90% of respondents complete the Survey online, while in a further 21 economies, at least 50% of respondents completed the Surv… Further details on methodology can be found here. The Global Competitiveness Index 2015-2016 presents a framework and a corresponding set of indicators in three principal policy domains (pillars) and twelve sub-domains (sub-pillars) for 140 countries. Global Competitiveness Index 2019; Global Competitiveness Index 2019. 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 report and any opinions expressed in this publication are 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 Insecurity and weak institutions are two of the biggest challenges for most countries. With a score of 85.6 out of 100, the United States is the country closest to the frontier of competitiveness. 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 (!) China and the United States jockey for top honors while Germany holds firm. 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. Share. (www.weforum.org). Europe is made up of a very competitive north-west, a relatively competitive south-west, a rising north-east region and a lagging south-east. 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 Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. 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 … I foresee a new global divide between countries who understand innovative transformations and those that don’t. The appendix also presents the detailed structure of the GCI and explains how the Index is computed. India was ranked as the 58th most competitive economy with a score of 62.0 on the Global Competitiveness Index 2018. In general, European countries continue to dominate the GTCI rankings, with 15 in the top 25. The Global Competitiveness Index 2017-2018 presents a framework and a corresponding set of indicators in three principal categories (subindexes) and … For example, those economies performing in indicators that denote openness such as low tariff and non-tariff barriers, ease of hiring foreign labour and collaboration in patent application among others also tend to perform well in terms of innovation and market efficiency. This is the fourth version of the global competitiveness index – hence referred to as GCI 4.0 – and it was introduced in 2018. These are the only two in the top 50. In Depth: Are institutions still important? 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. 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. Sweden (9th, 81.7) is the highest ranked of the Nordic economies, while France (17th, 78.0) is among the top 20. Zurich, Stockholm, Oslo take top spots in the cities’ ranking 3. It is far from the frontier in areas such as checks and balances (76.3, 40th), judicial independence (79.0, 15th), and corruption (75.0, 16th). The report notably finds that attitude towards entrepreneurial risk is the most positive in Israel and tends to be negative in several East Asian economies. Please contact [email protected] for any question.. Go here for more information about the Global Competitiveness Report and Index.. The global competitiveness index 2018 ranking. 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 Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The country experienced one of the biggest drops from 56/140 in 2018 … October 17, 2018 | 7:00 am. These pillars are: Institutions, Infrastructure; Technological readiness; Macroeconomic context; Health; Education and skills; Product market; Labor market; Financial system; Market size; Business dynamism; and Innovation. 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). 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. Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings; Appendix B: The Executive Opinion Survey; Appendix C: Methodology and Technical Notes; Contributors and Acknowledgements Oliver Cann, Public Engagement, World Economic Forum, Tel. 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. India’s rank on the Global Competitiveness Index 4.0. 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). A comprehensive analysis of the port industry. Finland scored 80.25 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Diversity holds untapped potential for competitiveness The GSCI measures competitiveness of countries based on 127 measurable, quantitative indicators derived from reliable sources, such as the World Bank, the IMF, and various UN agencies. International Digital Government Rankings 2018 #1 in Arab World. Countries must invest in people and institutions to deliver on the promise of technology.” said Saadia Zahidi, Member of the Managing Board and Head of the Centre for the New Economy and Society. Saudi Arabia is in 39th position with a score of 67.5 out of 100. 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 … 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. Global Cybersecurity Index 2018 1troduction In More than half of the world population is currently online. 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