Productivity is considered the most important determinant of
long-term economic growth and income. The Global Competitiveness Index 4.0 featured
in the World Economic Forum's Global Competitiveness Report
2018 emphasizes a newly emerging set of factors critical for
productivity in the 4th Industrial Revolution. Efficiency and
cost-cutting remain important for economic success. However,
innovation, flexibility and adaptation to change are becoming key
ingredients.
Authors:
- Brigitte Baldi, Senior Manager, Dennemeyer Consulting
GmbH
- Dr. Cornelia Peuser, Consultant, Dennemeyer
Consulting GmbH
The top ten economies in the index are led by the United States
with a competitiveness score of 85.6 points, which is 14 points
from the highest possible mark of 100 points. Second is Singapore
(83.5), followed by Germany (82.8). In fourth place is Switzerland
(82.6). Japan (82.5) moved up three positions to rank five since
2017. In the opposite direction, the Netherlands
