Global Economic Crisis: Factors and Prospects for Recovery: Feedback from the World Economic Forum  Presentation to the International Road Transport Union.

Slides:



Advertisements
Similar presentations
African Union Commission Economic Report on Africa 2011 Economic Report on Africa 2011 Governing development in Africa – the role of the state in economic.
Advertisements

Europe 2020 sustainable and inclusive economy high levels of employment productivity social cohesion we want the EU to become a smart.
The Global Competitiveness Report: A Tool for Fostering Better Policies 8 th November, 2005 Augusto Lopez-Claros Chief Economist & Director Global Competitiveness.
Cologne University of Applied Sciences / Fachhochschule Köln Faculty of Economics and Business Administration   Prof. Dr. Frank Gogoll Prof. Dr. Wolfgang.
1 Using and Misusing Investment Incentives James Alm and David L. Sjoquist March 2008.
Assessing Law and Order The Lesson from the Global Competitiveness Index and the Growth Competitiveness Index  Irene Mia  Senior Economist  Global Competitiveness.
1 The Global Competitiveness Report and Evaluation of Mongolia’s Position Kerry Jaggi and Emma Loades World Economic Forum 13 October 2005 Copyright 2004.
What Economic Systems and Policies are Compatible with Protection of the Environment? Augusto López-Claros Director and Chief Economist Global Competitiveness.
 Jennifer Blanke Senior Economist and Director, Global Competitiveness Network World Economic Forum  November 26, 2008 Assessing the Competitiveness.
Colombia: Private Sector Outlook National Business Association of Colombia January 2015.
World Economic Forum Competitiveness Indicators and Policy Actions Aleksandra Zoric Krzic USAID Serbia.
 Jennifer Blanke Director, Senior Economist World Economic Forum  Montenegro | 20 May, 2008 Assessing Southeast Europe’s Competitiveness in an International.
Transitional Countries Integration with the European Union 4th period Intensive Course 1st Lecture Monday Professor Juha Väätänen.
ECONOMIC AND INDUSTRY ANALYSIS
The Global Competitiveness & Benchmarking Network
Arthur Bayhan Chief Executive Officer Competitiveness Support Fund (CSF) INITIATIVE TO UPGRADE COMPETITIVENESS OF PAKISTAN’S ECONOMY.
Global Competitiveness Report 2013/14 Suriname. The Global Competitive Report The GCR is produced by the World Economic Forum The report is based on the.
Professor Geoffrey Lipman President ICTP Driving Competitiveness.
Agricultural Policy Analysis Prof. Samuel Wangwe Executive Director REPOA 28 th July 2012.
Canada as the Water Solutions Country Defining the Opportunities A summary of Canada as the Water Solutions Country, a 2013 report published by the Blue.
Emerging Market Economies: Does this classification still make sense?
ICT policy and development trends and challenges in Bulgaria
Bill Ratteree ILO EDUCATION INTERNATIONAL EUROPEAN REGION Vocational Education and Training Round Table October 2009, Budapest.
Transition Economies: Porter Model Comparisons Maj Ryan Craycraft.
Top 15 Vision : A Comparative and Competitive Approach August 2007.
Can Ireland Secure its Competitive Edge? Don Thornhill, Chair National Competitiveness Council ISME Conference 19 th - October 2007.
The Recovery in Developing Asia: Prospects and Challenges Conference on the Post-Crisis Growth and Poverty Reduction in Developing Asia Hanoi, Vietnam.
 Jennifer Blanke Director, Senior Economist World Economic Forum  Montenegro | 20 May, 2008 Assessing Southeast Europe’s Competitiveness in an International.
NS4053 Winter Term 2014 Country/Region Indices. Country Indices/Rankings I There are a number of organizations that provide rankings of countries based.
LINK GEO & United Nations World Economic Situation and Prospects Update May 2009 Rob Vos United Nations
Competitiveness of Central Asia Findings from the Central Asian Competitiveness Outlook Margareta Drzeniek Hanouz Director, Senior Economist Centre for.
The assessment concept of innovative level of Armenia’s industry Gagik Makaryan RUEA chairman 9 September, 2013.
GORAN RADMAN Chairman, SenseConsulting Technology and Innovation Competitiveness in Eastern and Southeastern Europe.
Policy Research and Innovation Research and Innovation Enhancing and focusing EU international cooperation in research and innovation: A strategic approach.
The Innovation Policy Regime in Ghana: Lessons to the Policy Makers George Owusu Essegbey CSIR-STEPRI, Accra.
Trade and Competitive Advantage. The Global Competitiveness Report World Economic Forum Global competitiveness.
1 Conditions and Needs of Social Dialogue in Tourism in New EU Member States and Candidate Countries Wolfgang Weinz, ILO Social Dialogue in New Member.
NS4540 Winter Term 2015 Country Indices. Country Indices/Rankings I There are a number of organizations that provide rankings of countries based on factors.
ACHIEVING COMPETITIVENESS, INCLUSIVE GROWTH AND SUSTAINABILITY IN REAL SECTOR DEVELOPMENT IN NIGERIA: THE TOUGH CHOICES IN AN ERA OF CHANGE Presented By:
Kuwait Construction Industry Slated to Prosper Expected to Slow Down Due to Uncertain Business Environment.
Boosting Tourism in Qatar to Drive the Commercial Construction Market.
Assessing the capacity of the Agenda 2020 to to carry ‘social investment’ ideals Joakim Palme Institute for Futures Studies
Addressing the barriers to domestic resource mobilisation in Africa.
BENEFITS OF COMPETITION REFORMS FOR CONSUMERS AND PRODUCERS IN DEVELOPING COUNTRIES (CREW Project) 18 TH – 19 TH NOVEMBER, BANGKOK Reflections on.
Assessment of a Country as a Market or Production Location
7Up3 Capacity Building on Competition Policy and Law
Changes in Manufacturing, particularly in the mechanical, electrical, electronic and metalworking industries Speaker: Željko Pazin Director at Orgalime.
The Global Competitiveness Report
From Recession to Recovery
The Role of Financial Leadership in a Challenging Economic Climate “Financial Management from a Provincial Perspective” Presented by: Bruce L. Bennett.
CONNECT: Sydney A New Approach for City Development
GENDER A BUSINESS CASE FOR KEEPING WOMEN IN THE
University of agribusiness and rural development
The importance of SMEs for ITU
Temperature controled road transport in the EU
HEALTH IN POLICIES TRAINING
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Instrument Transformer Market trends research and projections for 2017.
FINANCIAL STABILITY- NEW CHALLENGES FOR CENTRAL BANKS
European social dialogue A new start for social dialogue
The top 10 most competitive economies in Europe
Advanced Management Control and Sustainable Development
Member Update January 2019.
IMPLEMENTATION PROGRAMME OF SNA 2008 (Dominica)
Global Insight’s Corporate Mission
opportunities and challenges of global economic changes
Grab today’s Agenda (13:6).
SWEDISH INTERNATIONAL DEVELOPMENT COOPERATION AGENCY :
Asia-Pacific SDG Financing Requirements and the Role of Cooperation
LAUNCHING THE 2019 REGIONAL COMPETITIVENESS INDEX RCI 2019
Presentation transcript:

Global Economic Crisis: Factors and Prospects for Recovery: Feedback from the World Economic Forum  Presentation to the International Road Transport Union  Geneva | 3 April, 2009

2 The World Economic Forum: Benchmarking Geneva|3 April, 2009  Highlights from Davos  Presentation of the Global Competitiveness Network  The Global Competitiveness Index  The Global Enabling Trade Index  The Travel & Tourism Competitiveness Index Outline

3 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The World Economic Forum Membership  At the heart of all activities are the Forum’s 1000 member companies.  Forum members are companies that are driving the world economy forward or: –Rank among the top companies within their industry and/or country –Play a leading role in shaping the future of their industry and/or region

4 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Annual Meeting 2009 in Davos-Klosters  Quick facts: –Over 2500 participants from all groups in society: businesses, public sector, IOs, NGOs, Labour and Religious Leaders… –Over 40 heads of state –5 days, over 250 sessions on topics of importance to the global agenda, such as: Dealing with Deforestation Is There a Solution for the Middle East?Is There a Solution for the Middle East? The Global Economic Outlook

5 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Annual Meeting 2009, Davos-Klosters Objectives  Throughout the five days of the Annual Meeting participants worked on a number of objectives: –Supporting governments and governance institutions, particularly the G20 –Ensuring that global challenges are examined in a holistic way, including climate change and water security –Beginning a process to develop recommendations on how the structure and strategies of international cooperation can be updated –Improving the ethical basis for business as a constructive social actor –Restoring confidence in the future

6 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Highlights of Discussions Potential impacts of the crisis:  US consumer will not resume anytime soon.  There will be an economic contraction (recession) in the developed countries and a slowdown (positive growth rates) in emerging markets. (John Lipsky) Credit crunch will affect the emerging markets relatively more, there are currently signs that capital is starting to flow back from emerging markets to developed economies. (Joseph Stiglitz) 

7 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Highlights of Discussions Potential impacts of the crisis (ctd):  Mounting concerns about job security and lay-offs will impact consumption.  There is a real danger of a social backlash in emerging and developing countries that could lead to social unrest and political instability.  There are signs of emerging protectionism

8 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Highlights of Discussions Potential impacts of the crisis (ctd):  Countercyclical financing will be more difficult for developing countries.  In many developing countries, the crisis will affect primarily women who will lose jobs, but stimulus packages are directed at men. (Mari Pangestu)

9 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Global Competitiveness Network  Flagship product: Global Competitiveness Report, first launched in 1979 covering 16 countries; the Report has since expanded its coverage to 134 countries.  Co-editors: Professors Klaus Schwab and Michael Porter  Our goal: to provide a benchmarking tool for policymakers and business leaders

10 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Global Competitiveness Network Regional, topical and industry reports:  Travel and Tourism Competitiveness Report 2009  Global Information Technology Report  Global Enabling Trade Report 2009 (forthcoming)  Financial Development Report 2009 (forthcoming)  Lisbon Review 2008  Africa Competitiveness Report 2009 (forthcoming)  Brazil Competitiveness Report (forthcoming)

11 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The Global Competitiveness Report What are we trying to measure?  GDP per capita (PPP in international dollars)

12 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The Global Competitiveness Report  The most comprehensive data set on competitiveness  Assesses the comparative strengths and weakness of a large number of economies  Produced in collaboration with leading academics worldwide and a global network of partner (research) institutes

13 The World Economic Forum: Benchmarking Geneva|3 April, 2009  Use of “hard data” (publicly available information) and survey data (from the Executive Opinion Survey)  The Survey records the perspectives of business leaders around the world; Survey data is indispensable, it gathers valuable information on a broad range of variables for which hard data sources are scare or nonexistent. The Global Competitiveness Report Data sources

14 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The Global Competitiveness Report Country coverage

15 The World Economic Forum: Benchmarking Geneva|3 April, 2009  How we do not define competitiveness: “a country’s share of the world market for its products”  This view implies a zero-sum game - one country’s gain comes at the expense of others  How we do define competitiveness: “the set of institutions, policies, and factors that determine the level of productivity of a country.”  The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy. The Global Competitiveness Index Definition

16 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Global Competitiveness Index The Framework Key for efficiency-driven economies Key for factor-driven economies 1. Institutions 2. Infrastructure 3. Macroeconomic stability 4. Health and primary education 5. Higher education and training 6. Goods market efficiency 7. Labor market efficiency 8. Financial market sophistication 9. Technological Readiness 10. Market size 11. Business sophistication 12. Innovation Key for innovation-driven economies BASIC REQUIREMENTS EFFICIENCY ENHANCERS INNOVATION & SOPHISTICATIONS FACTORS

17 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Global Competitiveness Index Top 20 and selected economies

18 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Executive Opinion Survey Quality of roads data Top 20Bottom 20

19 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The Enabling Trade Index Definition The Enabling Trade Index measures: “The factors, policies and services facilitating the free flow of goods over national borders, and to destination”

20 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Index structure

21 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The T&T Competitiveness Report Definition The T&T Competitiveness Index measures: “The factors and policies that make it attractive to develop the T&T sector in different countries”

22 The World Economic Forum: Benchmarking Geneva|3 April, 2009 The T&T Competitiveness Index Structure

23 The World Economic Forum: Benchmarking Geneva|3 April, 2009 Thank you for your attention. For more information about the World Economic Forum, our benchmarking reports and the Annual Meeting 2009, please visit: