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The Global Competitiveness Report 2017-2018

Type:
Document
Content Type:
The Global Competitiveness Report 2017-2018
Language:

English

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english
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skpEng
Sources:

Information is gathered from other international organizations that promote skills development and the transition from education and training to work. The Interagency Group on Technical and Vocational Education and Training (IAG-TVET) was established in 2009 to share research findings, coordinate joint research endeavours, and improve collaboration among organizations working at the international and national levels.

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skpIntOrg
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international-organizations
Topics:

Access to training

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Access for all to good quality education, vocational training and workplace learning is a fundamental principle of social cohesion and economic growth. Some groups of people may require targeted attention if they are to benefit from education, training and employment opportunities.  

This is particularly the case for disadvantaged youth, lower skilled workers, people with disabilities, and people in rural communities. The attractiveness of vocational education and training is enhanced when combined with entrepreneurship training and when public policies encourage utilization of higher skills by business. 
 

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skpATSU
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access-to-training

Other topic

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skpOIssue
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other-topic
Knowledge Products:

Research papers

Working papers, reports, and other publications from international organizations, academic institutions and bilateral agencies. Research findings to stimulate informed debate on skills, employment and productivity issues. 

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skpRPS
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research-papers
Publication Date:
08 Dec 2017
Featuring the Global Competitiveness Index, the Report assesses the competitiveness landscape of 137 economies, providing unique insight into the drivers of their productivity and prosperity. Discover the 2017-2018 edition’s rankings, key findings, and much more. The Global Competitiveness Index (GCI) tracks the performance of close to 140 countries on 12 pillars of competitiveness. It assesses the factors and institutions identified by empirical and theoretical research as determining improvements in productivity, which in turn is the main determinant of long-term growth and an essential factor in economic growth and prosperity. The Global Competitiveness Report hence seeks to help decision makers understand the complex and multifaceted nature of the development challenge; to design better policies, based on public-private collaboration; and to take action to restore confidence in the possibilities of continued economic progress.

Improving the determinants of competitiveness, as identified in the 12 pillars of the GCI, requires the coordinated action of the state, the business community, and civil society. All societal actors need to be engaged to make progress on all factors of competitiveness in parallel, which is necessary to achieve long-lasting results. This year the GCI points to three main challenges and lessons that are relevant for economic progress, public-private collaboration, and policy action: first, financial vulnerabilities pose a threat to competitiveness and to economies’ ability to finance innovation and technological adoption; second, emerging economies are becoming better at innovation but more can be done to spread the benefits; third, labor market flexibility and worker protection are needed for competitiveness and shared prosperity in the Fourth Industrial Revolution.

The Report starts by laying out the current landscape on economic progress and key future challenges in Chapter 1, followed by deep dives into selected topics based on the results of the GCI in Chapter 2. The Report then analyses the results of the GCI for the world’s geographic regions and selected countries in Chapter 3. Finally, the Report presents the Economy Profiles with detailed scores and rankings for all economies covered in all indicators, subpillars, pillars, and the overall GCI; it also provides comparisons between relevant reference groups. The appendices present detailed methodological notes and the World Economic Forum’s latest thinking on new concepts and measurements of competitiveness.

Subject Tags:

Economic and social development

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economic-and-social-development
Identifier
125

Gender equality

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gender-equality
Identifier
144

Human resources development

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human-resources-development
Identifier
118

Productivity

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productivity
Identifier
188

Skills utilization

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skills-utilization
Identifier
685
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