Box 3: The most problematic factors for doing business: Impacts of the global crisis; Box 4: China’s new normal; Appendix: Methodology and Computation of the Global Competitiveness Index 2015–2016; Chapter 1.2 Drivers of Long-Run Prosperity: Laying the Foundations for an Updated Global Competitiveness Index. Two things immediately struck me as I perused the list of 138 economies which made the GCI 2016. Download Report: The Global Competitiveness Report 2016-2017. However, commonly suggested explanations include: technological inventions of the last decade, such as social networks and the sharing economy, having a more limited effect on productivity than the Internet revolution of the previous decade (and also creating value of a kind not captured in national accounts and hence not showing up in productivity data);10 barriers to knowledge diffusion that prevent smaller companies from assimilating knowledge from larger firms;11 and a slowdown in the growth of global trade, which is only partly explained by the slowing growth in GDP. Table 6 presents the performance of selected advanced economies on indicators of education and labor market efficiency. The Global Competitiveness Report 2015–2016 | 77 1.3: The Executive Opinion Survey Geographic coverage Following a year of non-inclusion, Benin, Bosnia and Herzegovina, Ecuador, and Liberia are reinstated in the 2015 edition. Countries rated as more competitive before the crisis tended either to withstand it better (e.g., Germany, Switzerland) or bounce back more quickly. A weekly update of what’s on the Global Agenda, Chapter 1.1 Reaching Beyond the New Normal: Findings from the Global Competitiveness Index 2015–2016, The Global Competitiveness Index 2015–2016, Box 1: The Inclusive Growth and Development Report, Box 2: The Case for Trade and Competitiveness, Box 3: The most problematic factors for doing business: Impacts of the global crisis, Appendix: Methodology and Computation of the Global Competitiveness Index 2015–2016, Chapter 1.2 Drivers of Long-Run Prosperity: Laying the Foundations for an Updated Global Competitiveness Index, What competitiveness is and why it matters, Appendix A: Measurement of Key Concepts and Preliminary Index Structure, Chapter 1.3 The Executive Opinion Survey: The Voice of the Business Community, Survey structure, administration, and methodology, Box 1: Example of a typical Survey question, Box 2: Insights from the Executive Opinion Survey 2015, Centre for the Fourth Industrial Revolution, A Global Platform for Geostrategic Collaboration, Schwab Foundation for Social Entrepreneurship. This section presents the main findings of the GCI 2015–2016, starting with an analysis of selected overarching topics and then drilling down into regions and selected countries. Access a free summary of The Global Competitiveness Report 2016–2017, by Klaus Schwab and 20,000 other business, leadership and nonfiction books on getAbstract. Global Competitiveness Report 2016-17. About this presentation This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. LAUSANNE - (May 30, 2016) - The USA has surrendered its status as the world’s most competitive economy after being overtaken by China Hong Kong and Switzerland, according to the IMD World Competitiveness Center. Its latest rank is 80 out of 137 countries for 2017. 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. In 2015, global growth is projected at 3.3 percent, its lowest rate since 2009—the trough of the crisis—and one of the lowest since 2000.7 Unemployment, especially among youth, remains elevated. High-income and developing countries alike are seeking innovation-driven growth through different strategies. Top countries. The Global Competitive Index forms the basis of the report. The Global Sustainable Competitiveness Index. The Global Competitiveness Index 2016-2017 presents a framework and a corresponding set of indicators in three principal categories (subindexes) and twelve policy domains (pillars) for 138 countries. and 20,000 other business, leadership and nonfiction books on getAbstract. Moyers & … In fact, technology-intensive sectors dominate the global manufacturing landscape in most advanced economies and appear to offer a strong path to achieve or sustain manufacturing competitiveness. This took Australia’s ranking back to its equal worst position of 22nd, reached in 2014-15. Learn how this new reality is coming together and what it will mean for you and your industry. © 2021. High-income and developing countries alike are seeking innovation-driven growth through different strategies. This year’s Global Competitiveness Report is the latest edition of the series launched in 1979 that provides an annual assessment of the drivers of productivity and long-term economic growth. A number of risks, including geopolitical tensions and currency and commodity price fluctuations, could derail the still weak recovery, should they materialize. Brazil went down by 8 in rank for the Global Competitiveness Index from 2007 to 2017. Australia’s ranking in the World Economic Forum’s (WEF) Global Competitiveness Report slid one place to 22nd in 2016-17, indicating a slight deterioration in national business competitiveness compared to one year earlier (Chart 1). The Global Competitiveness Report 2015-2016 calls for productivity-enhancing reforms to break with this pattern. Manufacturing related activities among global nations are rapidly evolving. 2:44. Report highlights. The Global Sustainable Competitiveness 2016 is topped by Swed en Scandinavia tops the GSCI (again); Germany ranked 14, Japan 15, UK 21, US only 32, China 37 SolAbility releases the rankings of the 5th edition of the Global Sustainable Competitiveness Index (GSCI). Although the relationship between unemployment and competitiveness is complex, both rely heavily on the adequacy of the education system and the efficiency of the labor market: by educating, training, and rewarding people appropriately, a country ensures that its workers have the skills to attain productive employment and that it can attract and retain talent. It is based on a competitiveness model that incorporates all pillars of sustained growth and wealth creation: natural capital availability; national governance; intellectual capital; resource efficiency, and social cohesion. Der Global Competitiveness Index (GCI) (Wachstumswettbewerbsfähigkeitsindex) ist ein Indikator für die Wettbewerbsfähigkeit einzelner Staaten. Global processes – 2016 r. vs. trends 6 2 Global Competitiveness Report 2016-17 Further “appeasement of the ranking” – since 2013 systematic decline of reshuffling scale. From its influence on infrastructure development, job creation, and contribution to gross domestic product (GDP) on both an overall and per capita basis, a strong manufacturing sector creates a clear path toward economic prosperity. Der Global Competitiveness Index besteht aus den drei Indices: „Technologie“, „Öffentliche Institutionen“ und „Makroökonomie“. Damit führt das Land nunmehr zum 8. The World Economic Forum Global Competitiveness Report 2016-2017 assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. Please enable JavaScript to view the site. With the release of the 2016 Global Manufacturing Competitiveness Index (GMCI), Deloitte Touche Tohmatsu Limited (Deloitte Global) and the Council on Competitiveness (the Council) in the US build upon the GMCI research, with prior studies published in 2010 and 2013. The 2016 Global Manufacturing Competitiveness Index (GMCI) report is the third study prepared by the Deloitte Touche Tohmatsu Limited (DTTL) Global Consumer & Industrial Products Industry Group and the Council on Competitiveness, with prior studies published in 2010 and 2013. The GCI results reveal that considerable room for improvement exists in every country in all areas that drive productivity (Figure 3), and in each instance this constitutes a potential source of productivity gain. Governments around the world resorted to short-term solutions to stabilize the economy and stimulate growth—but growth remains subdued seven years on, beyond the typical duration of a business cycle. Detailed scorecards for all the economies in the sample are available in the data section of this Report.6. Cookie Notice. 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. About the 2016 Global Manufacturing Competitiveness Index The 2016 Global Manufacturing Competitiveness Index (GMCI) report is the third study prepared by the Deloitte Touche Tohmatsu Limited (Deloitte Global) Global Consumer & Industrial Products Industry group and the US Council on Competitiveness, with prior studies published in 2010 and 2013. The Global Innovation Index ranks the innovation performance of 128 countries and economies around the world, based on 82 indicators. The Global Innovation Index ranks the innovation performance of 128 countries and economies around the world, based on 82 indicators. In the 2016 GMCI, CEO survey respondents were asked to rank nations in terms of current and future manufacturing competitiveness. China and the United States jockey for top honors while Germany holds firm. For example, the United States started growing again by 2010, while Greece took until 2014 to return to positive territory, its economy having contracted by 25 percent in the meantime. Der Report bleibt weiterhin die umfangreichste Studie wenn … This suboptimal situation is often referred to as the new normal. By using our website you consent to all cookies in accordance with our updated The Global Competitiveness Index 2015–2016 This section presents the main findings of the GCI 2015–2016, starting with an analysis of selected overarching topics and then drilling down into regions and selected countries. The Global Sustainable Competitiveness Index (GSCI) is the most comprehensive ranking of countries currently available. We use cookies to improve your experience on our website. The Global Competitiveness Report 2015-2016 calls for productivity-enhancing reforms to break with this pattern. Top performing nations have each demonstrated strengths across multiple drivers of manufacturing excellence. Alicia Nicholls A few days ago, the World Economic Forum (WEF) released its Global Competitiveness Report 2016-2017. From a peak in 2010, the most competitive economies have managed to bring unemployment down toward pre-crisis levels. 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. 294 | The Global Competitiveness Report 2015–2016 Factor driven Efficiency driven Innovation driven 1 Transition 1–2 2 Transition 2–3 3 Stage of development * From the list of factors, 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. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). Some countries with positive overall performance but shortcomings in at least one dimension—such as Germany, the Republic of Korea, and Japan—may still have positive unemployment trajectories, but they are also exposed to the risk of creating a two-tier labor market that discriminates between permanent employees and others. According to International Labour Organization (ILO) estimates, the global unemployment rate in 2014 was 5.9 percent—some 201 million people—with youth unemployment running at 13 percent.16 Unemployment spiked in almost every country after the crisis, but individual countries have widely different trajectories. The Global Competitiveness Index 2015-2016. Report Online: Zentrale Fakten auf einen Blick. 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