Global Competitiveness Report 2016-2017

29 Sep 2016

Oliver Cann, Public Engagement, Tel.: +41 (0)79 799 3405, Email:

Geneva, Switzerland, 29 September 2016 - The World Economic Forum launched its Global Competitiveness Report 2016 on 28 September.

The report finds that declining openness is threatening growth and prosperity. Monetary stimulus measures, such as quantitative easing are not enough to sustain growth and must be accompanied by competitiveness reforms. For emerging economies, updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets. Switzerland, Singapore and the United States remain the world’s most competitive economies. China, ranked 28th among the 139 economies covered by the report, remains top among the BRICS grouping.

In an initial version of the Global Competitiveness Report 2016, Taiwan, China, was incorrectly listed as Chinese Taipei. The change in nomenclature happened as a technical matter – guided by designations used by other international organizations – and in no way signifies a lack of support by the World Economic Forum on the People’s Republic of China’s ‘One China Policy’.

The report will reflect the nomenclature used in previous reports.

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