Summary of The Global Competitiveness Report 2015–2016

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The Global Competitiveness Report 2015–2016 summary
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  • Innovative
  • Visionary

Recommendation

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.

About the Author

Klaus Schwab is the executive chairman of the World Economic Forum.

 

Summary

The Global Competitiveness Index assesses 140 economies according to 114 indicators grouped in 12 pillars – including infrastructure, institutions, health care and education, and innovation – to reveal the levels and quality of national productivity. In 2015, the most competitive nations were Switzerland, Singapore and the United States; the least competitive were Guinea, Chad and Mauritania. A regional review offers notable insights:

  • “Advanced economies” – These countries have largely recaptured their pre-2008 competitiveness; Greece, in 81st place, is the lowest ranked. Except in the United States, insufficient ...

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