Global Competitiveness Report 2009-2010 - Jennifer Blanke

TL;DR

US slips in rankings due to financial market and macro instability, while Switzerland maintains top spot. UK and Iceland slide, Middle East and African countries show improvements.

Transcript

I'm with Jennifer blankey the head of the global competitiveness Network here at the world economic Forum Jennifer the US has slipped from first to second place in the GCR rankings for 2009 given the economic crisis some observers might have expected a bigger fall can you explain well we do see that the US has certainly gone down uh in certain area... Read More

Key Insights

• 🍂 US fell due to financial market and macro stability issues.
• 🇨🇭 Switzerland maintained top spot with stable performance.
• 🛝 UK and Iceland slid in rankings due to financial and macroeconomic challenges.
• 🇨🇫 Middle East and African countries show improvements in competitiveness.
• 🛀 Emerging market BRIC countries showed divergence in rankings.
• 🧑‍🏭 The current crisis affects competitiveness through underlying factors.
• 🇧🇷 Countries like Brazil, India, and China improved competitiveness amid the crisis.

Questions & Answers

Q: Why did the US slip in the global competitiveness rankings?

The US slipped due to issues in financial markets and macro stability, which have been building up over time and exacerbated by the economic crisis.

Q: What factors contributed to Switzerland maintaining its top spot?

Switzerland's stable performance and strengths in areas like innovation and governance helped it maintain its position despite challenges in the banking sector.

Q: How have UK and Iceland fared in the rankings?

Both countries have continued to slide, with the UK's decline linked to weakening financial markets and Iceland's due to macroeconomic instability post-economic meltdown.

Q: Which regions showed improvements in the global competitiveness rankings?

The Middle East, particularly the UAE and Qatar, have shown significant improvements due to investments, reforms, and productive sector growth.

Summary & Key Takeaways

• US fell in rankings due to financial market quality and macro stability issues.

• Switzerland maintained top spot due to stable performance and strengths like innovation.

• UK and Iceland continue to slide in rankings, while Middle East and African countries show improvements.