The World Economic Forum has issued its 2009 /2010 Global Competitiveness Report. From the press release of the report, you can see the variables it considers:
"The survey is designed to capture a broad range of factors affecting an economy’s business climate. The Report also includes comprehensive listings of the main strengths and weaknesses of countries, making it possible to identify key priorities for policy reform.
The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin and introduced in 2004. The GCI is based on 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness landscape in countries around the world at all stages of development. The pillars include Institutions, Infrastructure, Macroeconomic Stability, Health and Primary Education, Higher Education and Training, Goods Market Efficiency, Labour Market Efficiency, Financial Market Sophistication, Technological Readiness, Market Size, Business Sophistication, and Innovation."
The top ten list is also provided in the press release. Switzerland tops the list, the US has dropped from from first to second.
The entire report can be found here. The report also contains detailed profiles of the 133 countries in their ranking.
New Zealand is very happy to have cracked the top twenty. See that story here.
Questions: Are firms with strong presence in these top countries at an advantage or disadvantage? How can firms with international/global aspirations use this kind of information?
I would think, unless the firms currently in the top countries have strong competitive advantages over potential new entrants, it would be a disadvantage.
ReplyDeleteThe reason being, firms that currently don't have a presence in the top countries would more than likely be considering expanding into these areas.