This data suggests that global economic health would be positively impacted by a return to greater openness and integration. The 2018 index comprises 98 indicators derived from a combination of The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. India was ranked as the 58th most competitive economy with a score of 62.0 on the Global Competitiveness Index 2018. Further details on methodology can be found here. The 2018 edition captured the views of 16,658 business executives in 140 economies between January and April 2018. 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. 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 weekly update of what’s on the Global Agenda. “Embracing the Fourth Industrial Revolution has become a defining factor for competitiveness. Image Credit to World Economic Forum. This page provides the latest reported value for - Turkey Competitiveness Index - plus … Global Cybersecurity Index 2018 1troduction In More than half of the world population is currently online. The 2016-2017 edition covers 138 economies. Its latest rank is 80 out of 137 countries for 2017. The Global Competitiveness Index 4.0 2019 Rankings 2018 Diff. Oliver Cann, Public Engagement, World Economic Forum, Tel. 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. At a time of escalating trade tensions and a backlash against globalization, the report also reveals the importance of openness for competitiveness. 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 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 … In Depth: Are prosperity, people and planet compatible? With a score of 85.6 out of 100, the United States is the country closest to the frontier of competitiveness. 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. Source: World Economic Forum. The report and any opinions expressed in this publication are Ukraine scored 56.99 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. I foresee a new global divide between countries who understand innovative transformations and those that don’t. With a score of 71.2, the United States trails Korea by a full 20 points. 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. Turkey scored 62.14 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. 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 … This year’s edition highlights that declining openness is threatening growth and prosperity. The index has flagged limited ICT (information, communications and technology) adoption, poor health conditions and low healthy life expectancy as the reasons. 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. 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. Finland scored 80.25 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The country also leads the infrastructure pillar, with a nearly perfect score of 95.7, thanks to its world-class transport infrastructure and connectivity. With no inherent trade-off between competitiveness and inclusion, it is possible to be pro-growth and inclusive at the same time. The 2016-2017 edition covers 138 economies. Australia (14th, 78.9) and Korea (15th, 78.8) are among the top 20. This material (including graphics) can freely be used for educational purposes such as classroom presentations. Context. With a score of 84.8 (+1.3), Singapore is the world’s most competitive economy in 2019, overtaking the United States, which falls to second place. Share. Competitiveness Index in Ukraine averaged 16.02 Points from 2007 until 2019, reaching an all time high of 57.03 Points in 2018 and a record low of 3.90 Points in 2011. 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. 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. In Depth: Are institutions still important? The Global Innovation Index 2018: Energizing the World with Innovation is the result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) as co-publishers, and their Knowledge Partners. 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. Almost 30 points, and 80 ranks separate the United States from Argentina (81st, 57.5), the worst performing G20 economy. Competitiveness Index in Liberia averaged 18.20 Points from 2013 until 2018, reaching an all time high of 40.55 Points in … Diversity holds untapped potential for competitiveness (www.weforum.org). 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. 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. Mauritius (49th, 63.7) leads the region, ahead of South Africa and nearly 30 points and 91 places ahead of Chad (140th, 35.5). place in the world! This is the fourth version of the global competitiveness index – hence referred to as GCI 4.0 – and it was introduced in 2018. Launched in 1979, the World Economic Forum's Global Competitiveness Report is the longest-running, most comprehensive assessment of the drivers of economic development. 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. Both indicators of this pillar are highly valued: inflation, as … Tajikistan Competitiveness Index The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. “Competitiveness is neither a competition nor a zero-sum game—all countries can become more prosperous. Inclusive Development Index The Inclusive Development Index (IDI) was introduced by the World Economic Forum in 2017. 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. In this context, the World Economic Forum is introducing the new Global Competitiveness Index 4.0, a much-needed economic compass, building on 40 years of experience in benchmarking the drivers of long-term competitiveness. Global Competitiveness Index 2019; Global Competitiveness Index 2019. source: World Economic Forum. The index is an annual yardstick for policy-makers to look beyond short-term and reactionary measures . Following the data editing process described below, a total of 12,274 responses were retained. Competitiveness performance in the Middle East and North Africa remains diverse, with Israel (20th, 76.6) and the United Arab Emirates (27th, 73.4), leading the way in the region. International Digital Government Rankings 2018 #1 in Arab World. This is the key finding of the World Economic Forum’s Global Competitiveness Report, which is published today. The appendix also presents the detailed structure of the GCI and explains how the Index is computed. 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 GCI 4.0 framework is built around 12 main drivers of productivity. Since 2015, however, the US has lost competitiveness against 31 of the 34 countries in the index. November 5, 2019 November 5, 2019 Rhoe Polloso. Cookie Notice. Zurich, Stockholm, Oslo take top spots in the cities’ ranking 3. Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. India has moved down 10 places to rank 68th in 2019 from 58th in 2018 on the global competitiveness index. The index is based on 103 indicators and data from international organisations as well as the World Economic Forum. 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… 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. 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. 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 Index 2015-2016. source: World Economic Forum. Developed, high-income countries are still the global talent champions 2. 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 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. 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. source: World Economic Forum. India’s rank on the Global Competitiveness Index 4.0. Nigeria scored 48.33 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The country’s institutional framework also remains relatively sound (74.6, 13th). Chile (33rd, 70.3) leads the Latin America and the Caribbean region by a wide margin, ahead of Mexico (46th, 64.6) and Uruguay (53rd, 62.7). It was first launched in 1979. 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. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. place in the world! 3:00 pm Global Talent Competitiveness Index 2018. 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. The Report series remains the most comprehensive assessment of national competitiveness worldwide. Global Competitiveness Index, 2018. G20 results are highly diverse. Global Connectedness Index 2018 #5 of 169. The Global Competitiveness Report 2016-2017 assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. 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. 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 The pillars fall under four categories: Enabling Environment, Human Capital, Markets, and … Any other uses, such as conference presentations, posting on web sites or consulting reports, are FORBIDDEN. Thailand scored 68.11 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. This page provides the latest reported value for - Thailand Competitiveness Index - plus … 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. Chapter 3: Introducing the Global Competitiveness Index 4.0; Appendices. It is followed by Russia which is ranked 43. Mexico scored 64.95 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Of the BRICS grouping of large merging markets, China is the most competitive, ranking 28 in the Global Competitiveness Index with a score of 72.6. Turkey Competitiveness Index The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. 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. 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 The 2018 index comprises 98 indicators derived from a … However, it is critical that policies be put in place to improve conditions of those adversely affected by globalization within countries. 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. This year half of the retained surveys (50.7%) were completed online. 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. The greatest disparities in the region lie in national innovation ecosystems, with countries in Eastern Europe and the Balkans lacking basic innovation infrastructure, while countries such as Germany and Switzerland set the global standards for innovation. Please contact gcp@weforum.org for any question.. Go here for more information about the Global Competitiveness Report and Index.. Content The Report is part of the World Economic Forum’s Centre for the New Economy and Society, which aims to build dynamic and inclusive economies in an era of accelerated technological and political change, providing leaders with a platform to understand and anticipate emerging economic and social trends and to adapt policies and practices to our rapidly evolving context. 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 The Global Innovation Index 2018: Energizing the World with Innovation is the result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) as co-publishers, and their Knowledge Partners. We use cookies to improve your experience on our website. 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