It is vital for all countries to understand what factors determine their economic competitiveness ‒ from industrial emerging economies looking to reach middle income status, to mature post-industrial countries looking to return to high levels of employment and strong wage growth. Whatever the country and their specific circumstances, all leaders face challenges that must be overcome if they want to raise living standards and create a strong, dynamic economy.
Cities continue to play a crucial role in tackling these challenges. More than half of the world’s population lives in urban areas, generating a disproportionate share of global GDP. In today’s globalized economy, cities compete both nationally and internationally to attract globally mobile companies, foreign direct investment and talent. The challenges and opportunities cities face differ from those of countries.
The work of the Global Agenda Council on Competitiveness will encourage decision-makers at all levels, as well as academic and other experts, to focus on competitiveness at the city level. The council will bring together all necessary stakeholders to discuss the issue, and share with them creative and groundbreaking initiatives that are helping to tackle some of the challenges cities around the world face. To do so, the council will draw on the help of other Forum members from government, business, academia and civil society.
Forum Lead: Margareta Drzeniek, Head of Global Competitiveness and Risks, Member of the Executive Committee, email@example.com
Council Manager: Silja Baller, Practice Lead, Competitiveness and Innovation, Economics Pillar, firstname.lastname@example.org
How do countries increase their competitiveness to take better advantage of the global economy?
The World Economic Forum has been studying competitiveness for over 30 years by focusing on the assessment of the productive potential of countries in The Global Competitiveness Report se...