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Colombia in The Global Competitiveness Report 2009-2010

Colombia in The Global Competitiveness Report 2009-2010. Margareta Drzeniek Hanouz, Senior Economist World Economic Forum UNCTAD Virtual Institute Study Tour Geneva | 22 October, 2009. The World Economic Forum.

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Colombia in The Global Competitiveness Report 2009-2010

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  1. Colombia in The Global Competitiveness Report 2009-2010 Margareta Drzeniek Hanouz, Senior Economist World Economic Forum UNCTAD Virtual Institute Study Tour Geneva | 22 October, 2009

  2. The World Economic Forum The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape the global, regional and industry agendas. Established in 1971, the Forum has its headquarters in Geneva, Switzerland, with offices in New York and Beijing.

  3. Strategic Partners Industry Partners Forum Members Global Growth Companies Technology Pioneers Thought Leaders (religion, culture, science) Media Leaders Women Leaders Young Global Leaders Social Entrepreneurs Governments and International Organisations Civil Society The World Economic ForumMember Communities

  4. The World Economic Forum – ActivitiesGlobal and Regional Summits in 2009 • January World Economic Forum Annual Meeting 2009 • April World Economic Forum on Latin America, Brazil • May World Economic Forum on the Middle East, Jordan • June World Economic Forum on Africa, South Africa World Economic East Asia, Korea • September Annual Meeting of the New Champions 2009, Dalian, China • November India Economic Summit, India Summit on the Global Agenda, Dubai, UAE

  5. The World Economic Forum Initiatives Beyond its Summit activities, the World Economic Forum runs a number of initiatives including: • The Global Health Initiative • The Global Education Initiative • Energy Poverty Action • Climate Change • The Water Initiative • Financing for Development • The Global Risk Network • Scenario Planning • The Global Competitiveness Network

  6. Global Competitiveness Network • Flagship product: The Global Competitiveness Report: launched in 1979 covering 16 countries; it has since expanded its coverage to 133 countries. • Editor: Professor Klaus Schwab • Goal: to provide a benchmarking tool for policy-makers and business leaders

  7. The Global Competitiveness Report What are we trying to measure? • GDP per capita 1980-2008 (PPP in international dollars) Source: IMF World Economic Outlook Database, April 2009

  8. The Global Competitiveness Report Data sources • Use of hard data (publicly available information) and survey data (from the Executive Opinion Survey) • The Executive OpinionSurvey records the perspectives of business leaders around the world; survey data is indispensable, particularly for dimensions where no reliable hard data sources exist

  9. The Global Competitiveness IndexDefinition The set of institutions, policies, and factors that determine the level of productivity of an economy. The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy.

  10. The Global Competitiveness Index The Framework BASIC REQUIREMENTS • Institutions • Infrastructure • Macroeconomic stability • Health and primary education Key forfactor-driven economies • Higher education and training • Goods market efficiency • Labor market efficiency • Financial market sophistication • Technological Readiness • Market size EFFICIENCY ENHANCERS Key forefficiency-driven economies INNOVATION & SOPHISTICATIONS FACTORS Key forinnovation-driven economies • Business sophistication • Innovation

  11. The Global Competitiveness Index 2009-2010Top 20 and selected economies

  12. Latin America and the Caribbean

  13. Evolution of Columbia’s results between 2008-2009 and 2009-2010

  14. Macroeconomic stability

  15. Labor market efficiency

  16. Technological readiness

  17. Institutions: public

  18. Institutions: private

  19. Colombia vs. Efficiency-driven countries

  20. Most problematic factors for doing business

  21. TheGlobal Competitiveness Report 2009-2010Expert Survey on impact of the crisis • In order to get a sense of the extent to which the global recession is affecting the longer-term competitiveness of countries, the Forum carried out a survey of selected leading macro and business economists. • Respondents were asked to rate the degree to which they believe the present global recession will have a positive or negative impact, on a scale of 1 (negative) to 7 (positive) on selected countries, with 4 (the central value) indicating that the recession will have no impact. • The 37 countries included were those ranked in the top 20 of last year’s GCI, and other relevant regional economies.

  22. TheGlobal Competitiveness Report 2009-2010Expert Survey on impact of the crisis

  23. The Global Competitiveness Report 2009-2010How to obtain more information Visit our website for further information and to browse The Global Competitiveness Report 2009-2010: www.weforum.org/gcr

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