Criterion of the Month archive
The World Competitiveness Newsletter is written by Professor Arturo Bris, Director of the IMD World Competitiveness Center, Dr Christos Cabolis, Chief Economist or Dr José Caballero, Senior Economist. It includes information drawn from the IMD World Competitiveness Yearbook.
It is a little more than a year since Britain surprised pundits and analysts by voting to exit the European Union. In the last few months, economic and financial publications have been comparing the evolution of different dimensions of the economy. The general picture is not encouraging with consumer prices rising above the Bank of England’s target, real weekly earnings decreasing, and the pound declining in comparison to the dollar and other currencies.
The new ranking recently released by the IMD World Competitiveness Center prompts to a host of different inquiries, particularly with respect to the new criteria utilized.
The IMD World Digital Ranking provides a measure of a country’s ability to adopt and explore digital technologies that ultimately lead to transformation in government, business and societal practices. An important factor in assessing this ability of a country is the Future Readiness which reflects the preparedness of an economy to recognize and confront the implied disruptions of the digital technologies.
Technology changes at great speed and affects not only how businesses function but also how countries perform today and evolve in the future. From 3D-printing, robotics, and neuro-technology to digital-currencies and e-participation the landscape of current capabilities and future prospects changes swiftly. In order for the decision makers in both public and private sectors of an economy to address this rapid transformation, it needs to be quantified and accounted for.
Can competitiveness data predict the French election?
April 23 is the first round of the French Presidential election. As with many recent elections, there is an intense interest in the outcome, especially with Le Pen as a contender and with Trump and Brexit still making daily headlines.
March 8 marks International Women’s Day: a celebration of the many accomplishments by women as well as the acknowledgement of on-going efforts for gender parity in the social, political and economic spheres. In this issue of the Criterion of the Month, the IMD World Competitive Center recognizes the International Women’s Day by exploring the relationship between competitiveness and different criteria related to women’s activities.
The actions and policies of government and their outcomes (e.g., infrastructure indicators) affect the efficiency and productivity of the private sector. In this Criterion of the Month, we assess some of the key indicators driving business efficiency and productivity.
Why do MNCs such as Philip Morris and ABB choose Switzerland as a base for their operations? There are several significant factors that define the attractiveness of Switzerland.
The IMD World Competitiveness Center is delighted to present the IMD World Talent Report 2016. The report includes a talent ranking for all countries in the IMD World Competitiveness Yearbook (61 countries as of this year).
|October 2016||Structure and drivers of digital competitiveness|
|September 2016||IMD World Competitiveness Ranking: Survey and hard data |
Following up on feedback from several readers, in this criterion of the month we explore the IMD World Competitiveness Ranking's core components: its hard and survey data elements. We divide our overall ranking into these components and rank both sets of data individually for the years 2015 and 2016. The objective is to observe variations in the data in a one-year period. We must emphasize, however, that the two core rankings should not be compared with each other nor with the overall ranking.
|June 2016||Policy stability and government efficiency |
There are certain particularities that underline the competitiveness of countries. We consider these characteristics as attractiveness indicators and asked respondents to our Executive Opinion Survey to select the top five indicators (from a list of 15) for their respective economies. Among these indicators we include cost competitiveness and the availability of skilled workforce.
|May 2016||IMD releases its 2016 World Competitiveness Ranking |
Lausanne - (May 30, 2016) - The USA has surrendered its status as the world's most competitive economy after being overtaken by China Hong Kong and Switzerland, according to the IMD World Competitiveness Center.
|April 2016||Social disparities and competitiveness |
Data show that a structural transformation is a precondition for increasing competitiveness. Such transformation entails enabling all individual members of society to fully participate and contribute to economic activities. Moreover, competiveness, understood as the extent to which a country achieves long-term value creation, involves the improvement of the welfare of the community as a whole.
|March 2016||Innovation, values and high-tech trade |
The IMD World Competitiveness Center in partnership with Thailand's Department of Trade Negotiations (Ministry of Commerce) recently organized an event aimed at improving Thailand's competitiveness. The three-day event included several interrelated activities and culminated in a highly dynamic and interactive workshop - a "Mega Dive."
|February 2016||Competitiveness and Digital Challenges |
The IMD World Competitiveness Center recently partnered with Accenture (Germany and Switzerland) to conduct a study about digitization trends and the digital challenges that German and Swiss companies are facing. We assess the impact of digitization on the competitive context and the digital practices that the competitive firms adopt in such environments.