The Global Competitiveness Report 2016–2017
Published since 1979, the Global Competitiveness Report series is today the world’s most comprehensive assessment of national competitiveness. This year’s edition is being released at a time when the world economy is evolving against the background of the “new normal” of lower economic growth, lower productivity growth, and high unemployment and when several downside risks loom on the horizon: the normalization of monetary policies in the United States, exchange rate and commodity price fluctuations, geopolitical tensions, and political instability.
The Global Competitiveness Report 2016-2017 assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity.
This year’s edition highlights that declining openness is threatening growth and prosperity. It also highlights that monetary stimulus measures such as quantitative easing are not enough to sustain growth and must be accompanied by competitiveness reforms. Final key finding points to the fact that updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets.
Switzerland, Singapore and the United States remain the three world’s most competitive economies.
“Declining openness in the global economy is harming competitiveness and making it harder for leaders to drive sustainable, inclusive growth,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.
The Report series remains the most comprehensive assessment of national competitiveness worldwide