Despite global GDP at well below long-run historical averages, the world’s economies are showing signs of revival, growing faster than in the years since the global financial crisis. Yet populations across countries are questioning free markets as a source of economic progress, amid a confluence of globalization issues, economic distortions from technology, and rising wealth and income inequality. The World Economic Forum’s annual report assesses the shifting competitive stature of 137 economies relative to their peers. getAbstract recommends this robust offering to policy experts and executives for its detailed look at the global economy’s growth prospects.
In this summary, you will learn
- What a competitive economic environment looks like in 2017 across 137 economies,
- What obstacles are keeping countries from improving their productivity and GDP growth; and
- Why policy efforts must focus on extending the reach of economic expansion to more citizens.
About the Author
Klaus Schwab is the founder and executive chairman of the World Economic Forum.