Posted on 09/03/2014 1:49:05 PM PDT by SeekAndFind
The World Economic Forum has released its annual report of the globe's most competitive economies.
The report ranks these economies on the "12 pillars of competitiveness": institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
"Smart investment in skills and innovation is key to enhanced productivity and competitiveness," they said. "It also supports more inclusive growth by allowing everyone to contribute to and benefit from higher levels of prosperity. Economies that consistently rank high in the competitiveness rankings are those that are able to develop, attract and retain talent, and constantly introduce new and higher value-added products and services into the market."
The report adds that "while all of the pillars described above will matter to a certain extent for all economies, it's clear that they will affect different economies in different ways: the best way for Cambodia to improve its competitiveness is not the same as the best way for France to do so" because the two countries are in different stages of development.
The WEF ranked 144 economies.
Israel ranks 3rd in innovation, 15th in technological readiness, and 26th in business sophistication.
The Gaza War has discouraged tourists from visiting and "dented" consumer spending. Israel's economy is "already losing momentum", and now there are fears that conflict will cause the economy to contract.
Source: World Economic Forum
South Korea ranked 14th on infrastructure, 7th on macroeconomic environment, and 11th on market size.
(Excerpt) Read more at businessinsider.com ...
Booooolesheeeeeeet!
I find it rather odd that Ireland is in the middle of both this list, and in the middle of the linked list of most miserable countries as well.
A bit of a logical disconnect going on there, methinks...
Thanks for the heads up-——I’ll avoid the entire article.
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I skipped down to France as I worked for Schlumberger. What a crock. It was impossible to get anybody on the phone as they were always on leave, vacation or their annual shutdown. They were never there after lunch and they always left early. I conclude the entire article is baloney.
Curiously, Ireland is on the list of most competitive and most miserable.
Market size is one of the major factors. That means all else being even, US clobbers the competition.
One thing I noticed at Paris: there was no rush hour!
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