Key Findings The Global Competitiveness Mapreports.weforum.org/global-competitiveness-report... ·...
Transcript of Key Findings The Global Competitiveness Mapreports.weforum.org/global-competitiveness-report... ·...
GC
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2
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7Advanced Economies Sub-Saharan AfricaCommonwealth of Independent States
Emerging and Developing AsiaEmerging and Developing Europe Latin America and the CaribbeanMiddle East, North Africa, and Pakistan
Regional Rankings
0–10%
10–20%
20–30%
30–40%
40–50%
50–60%
60–70%
70–80%
80–90%
90–100% Most
competitive
Least
competitive
Not covered
Global Competitiveness Index Percentile Rank
Note: Unless mentioned otherwise, the ranks cited in the country and regional highlights are the Global Competitiveness Index overall rank among 144 economies.
Switzerl
and
Singap
ore
United
Stat
es
Finlan
d
German
y
Japa
n
Hong K
ong S
AR
Netherl
ands
United
King
dom
Sweden
Norway
Denmark
Taiw
an, C
hina
Canad
a
New Z
ealan
d
Belgium
Luxe
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Austria
Austra
lia
Fran
ce
Irelan
d
Korea
, Rep
.Isr
ael
Estonia
Icelan
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Puerto
Rico
Spain
Portug
al
Czech
Rep
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Latvi
aMalt
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Cypru
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Sloven
ia
Slovak
Rep
ublic
Greece
Lithu
ania
Poland
Turke
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a
Roman
ia
Hunga
ry
Maced
onia,
FYR
Monten
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Croati
a
Serbia
Albania
Malays
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Libya
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Colombia
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Ethiop
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Chad
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Workforce ethics
Policyinstability
Other
Other Other Other
Other Other Other
ASEAN Brazil China European Union
Gulf Cooperation Council Nigeria United States
Access to finance
Access to finance
Access to finance
Access to financeAccess to financeAccess to finance
Red tapeRed tape
Red tape
Red tape
Red tape
Red tape
Red tape
Infrastructure Infrastructure Infrastructure
InfrastructureLabor regulations
Labor regulations
Labor regulations
Labor regulations
Tax regulations
Tax regulations
Tax regulations
Tax regulations
Corruption
Corruption
Corruption
Inadequatelyeducated workforce
Inadequatelyeducatedworkforce
Tax rates
Tax rates
Tax rates
MAURITANIA
AVG.
AVG. AVG. AVG.AVG. AVG.AVG.
0
1
2
3
4
5
6
7
1 2 3 4 5 6 7 8 9 10 11 13 14 15 17 18 19 21 22 23 25 26 2729 30 32
35 36 37 47 49 58 70 75 81
38 50 5369 76 82 85 91
108
2028
31 3452
68 71 7393 95 98 103 109
134 136
4142 43 45 54 59 60 63 67 7794 97
3348 51 55 57 61 65 66 78 80 84 86 89 99 100 101 104 105 110 117 120
131137
12 1624
40 44 4664 72 79 83 87
113 119 126 129
141 142
3956 62
7488 90 92 96 106 107 111 112 114 115 116 118 121 122 123 124 125 127 128 130
132 133 135 138 139 140143 144
102
Switzerl
and
Singap
ore
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Stat
es
Finlan
d
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Japa
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Hong K
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Netherl
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Norway
Denmark
Taiw
an, C
hina
Canad
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New Z
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d
Belgium
Luxe
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Austria
Austra
lia
Fran
ce
Irelan
d
Korea
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ael
Estonia
Icelan
d
Puerto
Rico
Spain
Portug
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Czech
Rep
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Latvi
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Rep
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Georg
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United StatesThe United States rises to 3rd position on the back of improvements in a number of areas, including institutional framework, business sophistication and innovation. Yet it still remains to be seen whether these improvements will be sufficient to drive economic recovery over the longer term.
Latin AmericaLatin America needs to address its productivity challenge and boost competitiveness to keep the positive economic momentum of past years. The region must implement structural reforms to improve the functioning of its markets and invest in infrastructure, skills development and innovation.
EuropeThere is a stark competitiveness divide in Europe between highly productive countries and those lagging behind. The divide should also be viewed as one between those countries that are implementing the necessary structural reforms and those that are not.
NigeriaAfrica’s largest economy both in terms of GDP and population drops seven places this year and is now ranked 127th. To put the country on a sustainable path to long-run growth, basic requirements for competitiveness—institutions, infrastructure, health and primary education—need to be prioritized.
SwitzerlandSwitzerland ranks 1st for the sixth consecutive year, thanks to excellent results in most areas underpinning competitiveness. This includes innovation, business sophistication, higher education and labour market efficiency. Looking ahead, business-es and research institutions may increasingly face difficulties in finding the talent they need to preserve their outstanding capacity for innovation, key to Switzerland’s prosperity.
Sub-Saharan AfricaThere are large regional variations in competitiveness in sub-Saharan Africa—ranging from Mauritius at 39th to Guinea at 144th. To turn current high growth rates into sustainable and inclusive growth, countries in the region must address the infrastructure deficit and provide their rising young populations with the necessary skills to engage in higher value-added employment.
United Arab EmiratesThe United Arab Emirates (12th) takes the lead in the Middle East and North Africa region this year. The reforms put in place to enhance competitiveness are paying off: its institutional frame-work, infrastructure, macroeconomic stability and ICT infrastructure have all improved.
IndiaOn a downward trend since 2007 and dropping by 11 more places this year, India ranks 71st. The new gov-ernment faces the challenge of addressing the country’s competitiveness weaknesses and reviving the economy, which is currently growing at half the rate of 2010.
The Global Competitiveness MapKey Findings
Reforming for Prosperity
Global recovery to date has to a large extent been driven by monetary policy. To secure long-term growth, high-quality job creation and sustained prosperity will require decision-makers to raise productiv-ity and competitiveness through structural reform. Progress on this score has been uneven to date, in advanced and emerging economies alike.
Smart Investing
Smart investment in skills and innovation is key to enhanced productivity and com-petitiveness. It also supports more inclusive growth by allowing everyone to contribute to and benefit from higher levels of prosperity. Economies that consistently rank high in the competitiveness rankings are those that are able to develop, attract and retain talent, and constantly introduce new and higher val-ue-added products and services into the market.
Public-Private Collaboration
Effective collaboration between business, government and civil society is a necessary prerequisite if reforms and investment are to raise productivity and competitiveness. This calls for strong public and private leader-ship, a clear vision and effective and ongo-ing communication to build trust between all parties. It is therefore crucial to create mechanisms and fora to promote dialogue.
Most Problematic Factors for Doing BusinessHere are the five most problematic factors for doing business in selected (individual or group of) economies based on the results of the World Economic Forum’s Executive Opinion Survey 2014 . Southeast Asia
The competitiveness dynamics in the Southeast Asia region are truly remark-able. Behind Singapore (2nd), the region’s five largest countries (ASEAN-5), Malaysia (20th), Thailand (31st), Indonesia (34th), the Philippines (52th)—the most improved country since 2010—and Vietnam (68th), have all progressed in the rankings. This contrasts starkly with the weak performance of most South Asian nations.
Note: From a list of 16 issues, Survey respondents were asked to select the five most problematic for doing business in their country and to rank them between 1 (most problematic) and 5. In the charts above, slices are drawn according to weighted scores out of 100.