Global Competitiveness Report 2011-2012 - Jennifer Blanke

TL;DR

The report analyzes country productivity, rankings, and trends for sustainable prosperity.

Transcript

Question: What does the Global Competitiveness Report measure? Jennifer Blanke: In the Global Competitiveness Report, what we are trying to measure is the productivity of countries. Why are we interested in productivity? Because productivity sets the sustainable level of prosperity that can be earned for a country's citizens. And so we are lookin... Read More

Key Insights

• ❓ The Global Competitiveness Report assesses countries' productivity crucial for sustainable prosperity.
• 💋 Europe boasts strong competitive economies, while the US slips in rankings.
• 🍉 Fiscal imbalances pose a threat to future competitiveness, hindering crucial investments for long-term success.
• 📣 Emerging and advanced economies show a closing gap, indicating positive trends.
• 🍉 The report integrates sustainability concepts to evaluate long-term competitiveness and vulnerabilities.

Questions & Answers

Q: What does the Global Competitiveness Report measure?

The report focuses on measuring the productivity of countries, which sets the sustainable level of prosperity for their citizens. It assesses factors like governance, institutions, macroeconomic stability, infrastructure, and innovation.

Q: What are the key findings in this year's report?

This year's report covers 142 countries, highlighting strong European economies and the US slipping in rankings. Fiscal weaknesses and policy challenges threaten competitiveness, while emerging economies show positive trends.

Q: What other trends does the report reveal?

The report warns of fiscal imbalances affecting future competitiveness by hindering investments in crucial areas like education and infrastructure. It also notes a convergence between emerging and advanced economies in recent years.

Q: What makes this edition of the report so relevant?

This edition focuses on sustainability's impact on competitiveness, integrating expert perspectives. It aims to assess long-term vulnerabilities related to changing demographics, environmental concerns, and country preparedness for future challenges.

Summary & Key Takeaways

• The report measures countries' productivity, crucial for sustainable prosperity.

• Key findings include strong European economies and the US slipping in rankings.

• Trends reveal fiscal imbalances threatening future competitiveness and convergence among emerging and advanced economies.