Summary of The Global Competitiveness Report 2016–2017

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Global Competitiveness Report 2016–2017 summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Importance

8 Innovation

7 Style


Recommendation

Global GDP growth continues to falter in an anemic economic recovery. Policy forecasters see future expansion as weak unless nations can reignite their competitiveness to drive productivity growth, which is critical to long-run prosperity. The World Economic Forum’s annual global competitiveness report details the countries that are leading the pack by focusing on innovation, developing private and public sector synergies, and opening trade and foreign direct investment markets. getAbstract suggests this robust report to executives interested in understanding what factors influence competitiveness and how several nations are crafting the right mix.

In this summary, you will learn

  • What countries rank as the most and least competitive globally,
  • Why a turn against globalization could harm sovereign competitiveness, and
  • How nations can build a competitive profile.
 

About the Author

Professor Klaus Schwab is the founder and executive chairman of the World Economic Forum.

 

Summary

Long-term national prosperity depends on productivity growth created through innovation and a competitive position in the global marketplace. Alas, the current international economic climate is one of relative stagnation, with world GDP growth decelerating from 4.4% in 2010 to 2.5% in 2015. This trend aligns with decreasing productivity rates in the advanced economies, which have a domino effect on the developing world. Central banks have relied on low interest rates to spur growth and employment, but the easy-money environment contributed to a commodity boom, which allowed leaders in the developing world to ignore...


More on this topic

By the same author

The Global Competitiveness Report 2017–2018
8
We need a new narrative for globalization
8
The Global Competitiveness Report 2015–2016
7

Customers who read this summary also read

World Economic Outlook April 2017
7
World Economic Outlook October 2016
8
Innovation and Trade Policy in a Globalized World
8
Assessing the Macroeconomic Impact of Structural Reforms: The Case of Italy
7
From Wall Street to Bay Street
8
Gone with the Headwinds
8

Related Channels

Comment on this summary