scholarly journals STATISTICAL ANALYSIS OF LABOR MARKET EFFICIENCY IN THE WORLD COUNTRIES

2019 ◽  
pp. 100-104
Author(s):  
E. Dolgikh ◽  
T. Pershina
Keyword(s):  
Labor Market ◽  
Statistical Analysis ◽  
Market Efficiency ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
The World ◽  
World Economic

The study of the labor market allows to determine the main directions of development of the country’s economy, which largely depends on a set of indicators. The article gives detailed characteristics of the components of the labor market efficiency, proposed by the World economic forum in the Report on global competitiveness. Russia’s positions among the world countries according to the importance of the efficiency of the labor market and their dynamics for the period from 2013 to 2017 have been considered. Multidimensional grouping of the world countries according to ten components has been performed, and detailed characteristics of the selected clusters has been given.

scholarly journals Global competitiveness divide and the middle-income-trap

2020 ◽  
Author(s):  
Timothy Yaw Acheampong
Keyword(s):  
High Income ◽  
World Economic Forum ◽  
Middle Income ◽  
Income Levels ◽  
Global Competitiveness ◽  
Middle Income Countries ◽  
Income Status ◽  
The World ◽  
World Economic ◽  
Middle Income Trap

In recent times, the middle-income trap (MIT) has become a pertinent issue as economists, researchers and development practitioners continue seek answers to why the majority of middle-income countries find it difficult to advance to high-income status. There is still no consensus in literature as to the exact cause(s) and the solution to the MIT. The World Economic Forum posits that, the score of countries on the Global Competitive Index (GCI) 4.0 accounts for over 80% of the variation in income levels of countries. This suggests that the extent of global competitiveness of countries could potentially help them to escape the MIT. However, some competitiveness literature have identified an apparent competitiveness divide among countries. This paper therefore seeks to answer the following questions: how does middle-income countries differ from the high-income countries in terms of global competitiveness. The study utilises an independent samples t-test and effect size measures to examine the GCI 4.0 scores of 140 countries. The study finds a very large and significant competitiveness divide between the high and middle-income countries.

Competitiveness Measure of Managerial Performance

2018 ◽  
Vol 7 (1) ◽  
pp. 23-34
Author(s):  
Constanta Popescu ◽  
Radu Serban M. Zaharia
Keyword(s):  
Sustainable Development ◽  
Management Process ◽  
Social Activities ◽  
World Economic Forum ◽  
Managerial Performance ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Rational Management ◽  
Global Competitiveness Report

This article describes how competitiveness is a desideratum of any rational management process. Under the conditions of globalization and the imperatives of sustainable development, the need for competitive management at both micro and macroeconomic level is a necessity. Unfortunately, in many areas of economic and social activities in Romania, the authors find a lack of competitiveness in most areas of activity. This places Romania in an unfavorable place in the world hierarchy. Based on these considerations and based on data provided by the World Economic Forum through the Global Competitiveness Report for 2016-2017, this article highlights the place and weaknesses of Romania in the various aspects of competitiveness.

From Redistributing Wealth to Creating Prosperity in the Russian Federation: Findings from the Global Competitiveness Index (The Russia Competiveness Report 2011. Ch. 1.1 / World Economic Forum, Eurasia Comtetiveness Institute)

2011 ◽  
pp. 4-40
Author(s):  
M. Drzeniek-Hanouz ◽  
A. Prazdnichnykh
Keyword(s):  
Russian Federation ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
The Russian Federation ◽  
Competitiveness Index

The journal version of Chapter 1.1 of "The Russia Competitiveness Report 2011: Laying the Foundation for Sustainable Prosperity" prepared by the World Economic Forum and Eurasia Competitiveness Institute analyzes major problems Russia is faced with in this field. Three advantages and five systemic weaknesses of the country are considered. The analysis on the basis of the Global Competitiveness Index shows that real improvements along these five directions could lead to significant increase in competitiveness and growth of welfare in Russia.

scholarly journals Konkurencyjność gospodarki Polski na tle gospodarek krajów Europy Środkowo-Wschodniej UE11

2017 ◽  
Vol 17(32) (3) ◽  
pp. 207-216 ◽  
Author(s):  
Jakub Kraciuk
Keyword(s):  
European Union ◽  
Labour Market ◽  
Market Efficiency ◽  
The European Union ◽  
World Economic Forum ◽  
Competitive Position ◽  
The World ◽  
World Economic ◽  
Polish Economy

The aim of the study was to show the international position and competitiveness of the Polish economy rece in comparison with the economies of other countries newly admitted to the European Union in 2007-2017. It was found that in the ranking of competitiveness of the World Economic Forum analysed countries were above the thirtieth position. In the last decade there has been a deterioration of the competitive position in most of the analysed countries, while Poland has improved its position by 19 positions. Poland is currently in 36th position. The main weakness of the Polish economy is its insufficient innovativeness, insufficient labour market efficiency and imperfection of institutions supporting the economy.

scholarly journals COMPETITIVENESS OF BOSNIA AND HERZEGOVINA – COMPARATIVE ANALYSIS

2015 ◽  
Vol 1 (10) ◽  
pp. 77
Author(s):  
Jelena Mičić
Keyword(s):  
Bosnia And Herzegovina ◽  
Market Competition ◽  
Living Standard ◽  
Positive Trend ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Basic Hypothesis ◽  
Global Competitiveness Report

Competitiveness or market competition is the basic regulatory mechanism of the market. Today, some economic theorists propose that the competitiveness actually measures the wealth of a society in another way, so it is very important that it contributes to innovation, improvement of the business and overall economic growth. Bosnia and Herzegovina is located close to the very bottom of the European countries according to the competitiveness of its economy. Occasionally it is possible to notice positive changes, but unfortunately they were not strong enough or continuous for achieving economic development or improving living standard. Benchmark analysis of competitiveness deepened the view of the overall movement of the BiH competitiveness and its key factors, as well as the comparison with the selected reference countries. So, the competitiveness of our economy in the period 2007-2015 is the main topic of this paper, with the basic hypothesis that BiH has a positive trend in competitiveness relative to comparable countries in the reporting period. The aim of the research is to determine the conditions, trends and underlying determinants of competitiveness of Bosnia and Herzegovina and state of our competitiveness in relation to comparative economies. Through application of standard scientific methodology, particularly methods of statistical analysis, we came to results that show that BiH economy had significant growth of competitiveness in most observed indicators, with minor variations in the period 2007-2014, while the level of variability in 2015 was so huge that we have been excluded from the Global Competitiveness Report for 2014-2015 year of the World Economic Forum. Although our country generally exhibits the lower performance than the comparative countries it is possible to perceive areas where we have strengths and potentials. The fact that the World Economic Forum, for the first time, has omitted Bosnia and Herzegovina from the Global Competitiveness Report 2014/2015, is an additional reason to re-examine all the factors that may affect the movements of competitiveness in BiH.

scholarly journals Análise do impacto das patentes no índice global de inovação com aplicação de lógica paraconsistente anotada

Exacta ◽  
2014 ◽  
Vol 12 (2) ◽  
pp. 173-182
Author(s):  
Demesio Carvalho Sousa ◽  
Rodrigo Franço Gonçalves ◽  
Lilian Sayuri Sakamoto ◽  
Jair Minoro Abe ◽  
Jose Benedito Sacomano
Keyword(s):  
Business School ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
Global Innovation ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index

Neste artigo, estuda-se a importância das patentes e seu impacto no The Business School for the World do Global Innovation Index (GII, 2012) e no desenvolvimento econômico dos países emergentes mediante análise do The Global Competitiveness Index (GCI, 2013) do World Economic Forum (WEF). Os países abordados neste estudo são: Brasil, Rússia, Índia, China e África do Sul (BRICS). Neste contexto, busca-se responder as duas seguintes proposições: A – as patentes podem influenciar de forma favorável o desenvolvimento da inovação de um país integrante do Brics. B – as patentes não influenciam de forma desfavorável nenhum país componente do Brics. A metodologia utilizada privilegiou dados secundários obtidos nos relatórios GII e GCI suportada por uma revisão de literatura e criação de um algoritmo para-analisador. A aplicação da Lógica Paraconsistente Anotada (LPA-2v) forneceu parâmetros para analisar e discutir os resultados a fim de formular estratégias e avaliar tendências.

Application of Statistical Visualization Tools on Global Competitiveness Data

2014 ◽  
pp. 14-27 ◽  
Author(s):  
Ulas Akkucuk
Keyword(s):  
World Economic Forum ◽  
Multivariate Statistical ◽  
Policy Makers ◽  
Global Organizations ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Visualization Tools ◽  
Secondary Information

Many global organizations provide valuable sources of country-specific data to the general public. The data are a very good source of secondary information to the global firms making country entry decisions as well as providing input to the policy makers in the international organizations and the country governments. One such organization is the World Economic Forum disseminating the results of a global competitiveness study every year. The Global Competitiveness Index (GCI) focuses on 12 variables that are deemed to be important for the country’s competitiveness and hence suitability for investment. The coverage of the GCI has been increasing over the years. The latest report (2012-2013) carries data on 144 countries. With the amount of data increasing it becomes important to summarize the intrinsic elements with the use of visual tools. Multivariate statistical tools could summarize vast amounts of data while retaining the critical pieces of information and the interdependencies between the variables and the objects. This chapter demonstrates the use of two such techniques, namely Cluster Analysis and Multidimensional Scaling (MDS) on the World Economic Forum 2012-2013 Global Competitiveness data.

scholarly journals Effects of the Pillars of Competitiveness on the Competitive Positions of Poland and the Visegrad Group Countries in the Post‑Accession Period

2019 ◽  
Vol 22 (2) ◽  
pp. 55-67 ◽  
Author(s):  
Edward Molendowski ◽  
Paweł Folfas
Keyword(s):  
The Other ◽  
Comparable Data ◽  
World Economic Forum ◽  
Competitive Position ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Visegrad Group ◽  
Global Competitiveness Report

The article presents the results of an analysis aimed at assessing the effects of fundamental factors (pillars) on the international positions and competitiveness of the economies of Poland and the other Visegrad Group (V4) countries. It attempts to verify the hypothesis that in shaping their international competitive position, the V4 economies should rely more on efficiency enhancers as well as innovation and sophistication factors. The competitive positions of the economies covered  and the changes thereof were determined on the basis of the Global Competitiveness Report (GCR) editions published by the World Economic Forum. The period under examination includes the years 2004–2017, but owing to the lack of comparable data, it was narrowed to the years 2006–2017. The article ends with a summary of the most important conclusions from the analysis.

scholarly journals Poland’s Long‑Term Competitive Position from the Perspective of WEF Global Competitiveness Reports

2018 ◽  
Vol 21 (2) ◽  
pp. 99-117
Author(s):  
Stanisław Flejterski ◽  
Magdalena Majchrzak
Keyword(s):  
World Economic Forum ◽  
Global Competitiveness ◽  
Macro Scale ◽  
The World ◽  
World Economic ◽  
Polish Economy ◽  
The University ◽  
Business Sectors ◽  
Global Competitiveness Report

Competitiveness is not clearly defined and there are different methods of measuring it. Analysis of the level of competitiveness on a macro scale is of interest to many entities. Competitiveness rankings are published in the Global Competitiveness Report prepared by the World Economic Forum (WEF), among others. 137 countries have been included in the WEF’s 2017–2018 Report. A country’s position in this ranking depends on many factors, classified in 12 pillars. In the group of 10 countries with the highest ranking, there are changes in order compared to the previous year, but the composition of this group did not significantly change. In this ranking, Poland was 39th. This is relatively high compared to 2008, in which it ranked 53rd out of 134 countries. In the future, further growth of the competitiveness of the Polish economy may depend on, among other things, the professionalism of managerial staff and on the shift to product competitiveness. It is also necessary to share knowledge between the university and the business sectors and between companies themselves.

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