What are the world’s most competitive economies? The answers on the whole make sense, but a few countries which made the top 10 may surprise you.
Since 1979, the World Economic Forum has been taking the temperature of long-term economic growth and productivity in its Global Competitiveness Report.
The 2019 edition covers 141 economies, accounting for 99% of the world’s GDP – and finds that, a decade on from the global financial crisis, most economies are still stuck in a cycle of low productivity growth.
But those economies that bring everyone along together, investing in reskilling the workforce and boosting infrastructure, will be best able to withstand a global slowdown.
As the Forum’s Founder and Executive Chairman Klaus Schwab says: “Those countries that integrate into their economic policies an emphasis on infrastructure, skills, research and development, and support those left behind, are more successful compared to those which focus only on traditional factors of growth.”