CEMS 6 7112017.pdf - Business in Latin America...

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Business in Latin AmericaInstitutions, society and government.Session 6ProductivityInnovation
PRODUCTIVITYHow to measure productivity?
WORLD ECONOMIC FORUM:COMPETITIVENESS
COMPETITIVENESS REPORTIt is the most comprehensive global report on competitiveness, Competitivinessis definedas "the set of institutions, policies and factors that determine the levelof productivity of a country". Built by The World Economic Forum (WEF), anindependent international organization committed to improving the conditions ofdevelopment in the world.The competitiveness determines the current prosperity and the return oninvestment in an economy, i.e growth potential.The Forum aims to identify key strengths and weaknesses of countries andpromote change for the better.There are many theories about what are the critical factors for competitiveness(infrastructure, human capital, institutions, etc), some with empirical support.The Global Competitiveness Report 2017 - 2018)
The report builds on the Global Competitiveness Index, based on 113 variables:34 mentions of official statistics ("hard data"), such as GDP, fiscal debt, inflation, infantmortality and life expectancy79 Data collected by opinion poll more than 11, 000 opinion leaders in 131 countries.The 12 pillars that construct the Global Competitiveness Index (GCI) are:Institutions.InfrastructureMacroeconomics.Health and primary education.Higher education and training.Goods market efficiency.Labor market efficiency.Financial market sophistication.Market size.Availability technology.Business sophistication.Innovation.GLOBAL COMPETITIVENESS INDEXThe Global Competitiveness Report 2017 - 2018)
SubindexIndicatorBasic RequirementsInstitutionsClaves para economíasimpulsadas por factores(recursos naturales ymano de obra barata)InfrastructureMacroeconomic envirnmentHealth and primary educationHigher education and trainingEfficiency enhancersGoods market efficiencyClaves para economíasimpulsadas por laeficienciaLabor market efficiencyFinancial market developmentTechnological readinessMarket sizeInnovation and sophisticationfactorsBusiness sophisticationClaves para economíasimpulsadas por lainnovaciónInnovationGLOBAL COMPETITIVENESS INDEXSource: The Global Competitiveness Report2017-2018
RankCountryRankCountryRankCountry1SWITZERLAND21AUSTRALIA41LITHUANIA2UNITED STATES22FRANCE42PORTUGAL3SINGAPORE23MALAYSIA43ITALY4NETHERLANDS24IRELAND44BAHRAIN5GERMANY25QATAR45MAURITIUS6HONG KONG26KOREA46BRUNEI7SWEDEN27 CHINA47COSTA RICA8UNITED KINGDOM28ICELAND48SLOVENIA9JAPAN29ESTONIA49BULGARIA10FINLAND30SAUDI ARABIA50PANAMA11NORWAY31CZECH REPUBLIC51MEXICO12DENMARK32THAILAND52KUWAIT13NEW ZEALAND33CHILE53TURKEY14CANADA34 SPAIN54LATVIA15TAIWAN35AZERBAIJAN55VIETNAM16ISRAEL36INDONESIA56PHILIPPINES17UNITED ARAB EMIRATES37MALTA57KAZAKHSTAN18AUSTRIA38RUSSIA58RWANDA19LUXEMBOURG39POLAND59SLOVAK REPUBLIC20BELGIUM40INDIA60HUNGARYGLOBAL COMPETITIVENESS REPORT 2017-2018

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Term
Spring
Professor
N/A
Tags
World Bank Group, Global Competitiveness Report, World Economic Forum

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