Booklet WCY 29 Mei 2013 1 - MPC

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THE METHODOLOGY OF COMPUTING THE RANKINGS OF WCY 2013 Appendix 7 Below are the steps in computing the rankings for World Competitiveness: · The national environment is divided into four main factors namely, Economic Performance, Government Efficiency, Business Efficiency and Infrastructure. In turn, each of these factors is divided into 5 sub-factors which highlight every facet of the areas analysed. Altogether, the WCY features 20 such sub-factors. · These 20 sub-factors comprise of 246 criteria and 87 background information, each of the 333 criteria is ranked, although each sub-factor does not necessarily have the same number of criteria (for example, it takes more criteria to assess Education than to evaluate Prices). Each sub-factor, independently of the number of criteria it contains, has the same weight in the overall consolidation of results that is 5% (20x5 =100). · Criteria can be hard data, which analyse competitiveness as it can be measured (e.g. GDP) or soft data, which analyse competitiveness as it can be perceived (e.g. Availability of competent managers). Hard data criteria represent a weight of 2/3 in the overall ranking whereas the survey data represent a weight of 1/3. In addition, some criteria are for background information only, which means that they are not used in calculating the overall competitiveness ranking (e.g. Population under 20). · Finally, aggregating the results of the 20 sub-factors makes the total consolidation, which leads to the overall ranking of the WCY. FOR FURTHER INFORMATION, PLEASE VISIT www.imd.org/wcy13 40
Appendix 8 IMD RELEASES ITS 25 TH ANNIVERSARY WORLD COMPETITIVENESS RANKINGS Competitiveness and austerity: the divorce? The good performance of the US (1), Switzerland (2), Hong Kong (3), Sweden (4) and even Japan (24) – while the euro zone stagnates – calls austerity into question (Plus a historical perspective on winners and losers over time) LAUSANNE, SWITZERLAND (May 30, 2013): IMD, a top-ranked global business school based in Switzerland, today announced its 25 th anniversary world competitiveness rankings. In addition to ranking 60 economies for 2013, the IMD World Competitiveness Center also looks at the winners and losers since its creation. Professor Stephane Garelli, director of the IMD World Competitiveness Center, said: "While the euro zone remains stalled, the robust comeback of the US to the top of the competitiveness rankings, and better news from Japan, have revived the austerity debate. Structural reforms are unavoidable, but growth remains a prerequisite for competitiveness. In addition, the harshness of austerity measures too often antagonizes the population. In the end, countries need to preserve social cohesion to deliver prosperity." Highlights of the 2013 ranking The US has regained the No. 1 spot in 2013, thanks to a rebounding financial sector, an abundance of technological innovation and successful companies. China (21) and Japan (24) are also increasing their competitiveness. In the case of Japan, Abenomics seems to be having an initial impact on the dynamism of the economy. In Europe, the most competitive nations include Switzerland (2), Sweden (4) and Germany (9), whose success relies upon export-oriented manufacturing, diversified economies, strong small and medium enterprises (SMEs) and fiscal discipline. Like last year, the rest of Europe is heavily constrained by austerity programs that are delaying recovery and calling into question the timeliness of the measures proposed. The BRICS economies have enjoyed mixed fortunes. China (21) and Russia (42) rose in the rankings, while India (40), Brazil (51) and South Africa (53) all fell. Emerging economies in general remain highly dependent on the global economic recovery, which seems to be delayed. In Latin America, Mexico (32) has seen a small revival in its competitiveness that now needs to be confirmed over time and by the continuous implementation of structural reforms. A 25 th anniversary perspective on World Competitiveness In 1989, the IMD World Competitiveness Yearbook had a split ranking. The most competitive advanced economies were Japan, Switzerland and the Netherlands. Among emerging markets, Singapore, Hong Kong and Malaysia led the way. Globalization had not yet kicked in. China, Russia and several other nations (some of which did not exist back then) were not included. 41
Page 2 and 3: CONTENTS World Competitiveness Year
Page 4 and 5: 3. The WCY is recognised as the lea
Page 6 and 7: Table 1: Top 15 Countries of the Wo
Page 8 and 9: 14. Business Efficiency which measu
Page 10 and 11: MALAYSIA’S PERFORMANCE IN THE 4 C
Page 12 and 13: growth and stable employment prospe
Page 14 and 15: Among the criteria in the top 10 po
Page 16 and 17: capacity of the financial sector in
Page 20 and 21: employees. The Government has intro
Page 24 and 25: solar power as a means to reduce sc
Page 26 and 27: ensuring a higher standard of educa
Page 28 and 29: Malaysia on Track to Become High In
Page 30 and 31: INDUSTRIES’ PERSPECTIVES YBhg. Ta
Page 32 and 33: INDUSTRIES’ PERSPECTIVES YBhg. Da
Page 34 and 35: THE WORLD COMPETITIVENESS SCOREBOAR
Page 36 and 37: Appendix 3 COMPETITIVENESS RANKINGS
Page 38 and 39: Appendix 5 CHARACTERISTICS OF MOST
Page 42 and 43: By 1997, the world of competitivene
Page 44: For further information on the Worl

Booklet WCY 29 Mei 2013 1 - MPC

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