Summary of The Global Competitiveness Report 2016–2017

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The Global Competitiveness Report 2016–2017 summary
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Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Scientific

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.

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...


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