Question

3. Using your favorite search engine, research the Global Competitiveness report (from the World Economic forum) and the World competitiveness Ranking (from the IMD World Competitiveness Center). Identify and discuss the main factors used to create each ranking. Which method and result do you trust more? Why?

4. Using information from the Global Competitiveness report, prepare a memo discussing the strengths and weakness of location facilities in any two South American countries. Pick one for establishing a manufacturing beachhead and make you case for why.

5. Using your favorite search engine, research the Global Manufacturing Competitiveness Index (from Deloitte). Compare and contrast the three top-ranked countries. Why would you choose to operate in each of the three? Are there any reasons you would not want to operate in these countries?

Answer 1

The goal of human-centric economic progress is the increase in sustainable and equitable welfare for a country’s population. And while economic growth, as measured by GDP, is not an end in itself, it remains a precondition for enhancing human welfare.The World Economic Forum defines global competitiveness as "the ability of a country to achieve sustained high rates of growth in gross domestic product (GDP) per capita.

The report assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources.This is the quest for more & better growth As it deals of human-centric economic progress..

In many advanced economies the value of economic growth for society has come into question as a result of increasing inequality, the challenges of technological change, and the complex impacts of globalization— including those related to trade in goods, services, and data, and to the movement of people and capital.

World Economic Forum introduced last year the new Global Competitiveness Index 4.0, a much-needed new economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness.iIn year 2018, the GCI 4.0 provides a detailed map of the factors and attributes that drive productivity, growth and human development in the era of the Fourth Industrial Revolution. The 2019 edition covers 141 economies, which account for 99% of the world’s GDP

The Global Competitiveness Index has been measuring the factors :

A broad-based distribution of economic gains

• environmental sustainability

• intergenerational equity for young people and future generations.& drive growth for long term

These emerging technologies have immense potential to be a source of growth, but their future evolution is uncertain. A key challenge is how to unlock their potential in a way that benefits society as a whole.

For example we take,Global Competitiveness Index 4.0 measures national competitiveness defined as the set of institutions, policies and factors that determine the level of productivity Scotland & second US.FinalyIt highlights the necessity of addressing the spillover effects and externalities, positive and negative, intended or unintended, of a policy or strategy beyond the direct objective .

Top rated countries well functioning & consideration buisness development .It result into best country &using diffrent innovation ,discipline & continuous progress lead them to at top brand always try best by every citizen to constitute & acheive target.

I have refer 2017-2018& 2019 buisness modules to know rating.Target depend on every individual.