Denmark in top ten on world competitiveness list
Denmark is 10th in the ranking, above Nordic neighbours Finland and Norway and just behind Sweden on the Global Competitiveness Report 2018. The three top nations for competitiveness are the United States, Singapore and Germany.
The index measures 98 indicators in 140 countries. Economies are divided into 12 âpillarsâ or drivers of productivity in order to determine how close the economy is to the ideal state or âfrontierâ of competitiveness, WEF writes on its website.
âWe are in the fourth industrial revolution, where winning economies have good, green innovations systems, economic stability and flexible labour markets. Thatâs why Denmark is in the top ten,â Stig Yding SÃ¸rensen, senior specialist with Teknologisk Institut, WEFâs Danish partner organisation, told Ritzau.
WEFâs assessment means that it finds Denmarkâs economy to be well-equipped to thrive in current global economic conditions.
But Denmark was found lagging on one of the parameters used to compile the index: the international reputation of its universities.
âThatâs where we are in 30th place. We donât have a Stanford or an Oxford. So if we could do more to attract internationally-recognised researchers to Denmark, that would improve our reputation,â SÃ¸rensen said.
The WEF report is based on 12,000 survey interviews with business leaders around the world, as well as national data on aspects ranging from working hours to number of patents.
Aarhus University economics professor Christian BjÃ¸rnskov said that the report is normally used by a small, but powerful sector.
âIt is typically used by administrators and a number of special interests, including politicians, as a kind of catalogue of ideas. The advice in the report is not necessarily followed, but can be used for inspiration,â BjÃ¸rnsko v told Ritzau.
WEF has produced the report annually since 1979.
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