Competitiveness of nations
In topics 1 through 3 we have seen that global growth is slowing down. There are different drivers of growth. Over the long term, human capital and institutions matter for catch-up growth. Over the short term, a country’s competitiveness may determine whether it grows faster of slower. This could be competitiveness as an exporter, as a market for doing business, as a destination for foreign direct investment. There are different factors that affect competitiveness.
For this topic the key source is the Global Competitivess Report. It is a World Economic Forum publication that presents the results of the Global Competitiveness Index. Competitiveness is measured according to 12 pillars:
- Macroeconomic environment.
- Health and primary education.
- Higher education and training.
- Goods market efficiency.
- Labour market efficiency.
- Financial market development.
- Technological readiness.
- Market size.
- Business sophistication, and
Your assignment is two fold:
- Prepare for class by having a look at the GCR 2011/2012.
- Three groups have to make presentations (e-mail me with your pick, first-come, first-served)
- Decompose and analyse South Africa’s competitiveness.
- Compare South Africa’s competitiveness with those of the BRIC countries.
- Compare South Africa’s competitiveness with those of the Next-11 countries.
There are no blog posts scheduled for this topic. The next round will be for topic 5.