A country’s competitive strength is a critical determinant of its ability to grow and prosper.
Muted growth, lagging productivity and continuing unemployment contribute to a “new normal” of slowing economic development. To ensure all citizens share in inclusive growth, nations will need to harness innovations from technology and new business models to become more competitive, according to this World Economic Forum study. Its Global Competitiveness Index judges economies by country and region on a series of indicators that reflect productivity. getAbstract recommends this forward-looking analysis to executives and policy makers.
In this summary, you will learn
- Which countries ranked at the top and bottom of the Global Competitiveness Index in 2015
- What factors determine national competitiveness
- What issues challenge regions in their search for growth and productivity
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