Summary of The Global Competitiveness Report 2019

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Rating

9

Qualities

  • Comprehensive
  • Analytical
  • Concrete Examples

Recommendation

The 2019 edition of the World Economic Forum’s annual Global Competitiveness Report offers a sobering outlook: Even the most prosperous economies are falling short on productivity, and climate change and inequality are hurting economic development. To generate long-term growth, the report advises countries to coordinate policies addressing environmental sustainability, social inclusion and economic progress. Policy analysts and executives will find this an authoritative and robust examination of global competition.

About the Author

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

 

Summary

Competitiveness drives economic productivity and prosperity.

Vigorous productivity growth is the foundation of sustainable economic expansion and prosperity. Unlocking gains in total factor productivity (TFP) depends on a nation fostering a competitive environment for businesses and workers. 

The Global Competitiveness Index (GCI) gauges countries on 12 core elements: “institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, business dynamism and innovation capability.” National GCI scores range from zero to 100, with 100 quantifying...


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