...Since 2004, Switzerland has enjoyed continuous economic success sans any hiccups. The strength of Swiss financial institutions and a robust relationship with important trading partners has powered the economy Switzerland’s which seems to fit pretty well within the global marketplace. Switzerland in the postmodern economy is known for certain export commodities like watches, chocolate and cheese, but statistics show that mechanical engineering and chemicals account for over half the Swiss revenues(1). It's highly qualified labor force (2) performing extremely skilled work in areas like biotechnology and pharmaceuticals. Despite a lack of natural resources, Switzerland tops to the report’s Global Competitiveness Index (GCI) (3) for the sixth year running. It performs well across many of the measures being assessed and ranks in the top 10 of eight key pillars. Switzerland’s top-notch academic institutions, high spending on R&D, and strong cooperation between the academic and business worlds contribute to making it a top innovator. (4) With a sense of order and stability Swiss economy's future is likely to be wrinkle-free with a stable and prosperous economy and a steely competitive spirit in manufacturing, services and tourism. (1) Switzerland in figures 2015/2016 , UBS report revenues http://www.amcham.ch/members_interests/downloads/150910_UBS_switzerland_in_figures.pdf (2) Human Capital Index 2013, World Economic Forum (http://www3.weforum.org/docs/WEF_HumanCapitalReport_2013...
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...This essay will discuss competitiveness of countries and account for a competitiveness indicator the United States (US), a member of the Organization of Economic Cooperation Countries (OECD) performs strongly in. It will also look at two competitiveness indicators where US underperforms and suggests ways in which such indicators could be improved. In addition to this, it will consider to what extent international practices match economic theories. First, the term competitiveness, and various methods used to measure it will be discussed. The second section will examine one competitiveness indicator in which the US excels. Two competitiveness indicators in which the US underperforms will be explored in the third section, and in particular, ways in which these indicators could be improved. Finally, the extent to which current practices match theories will be discussed. There is no accepted definition for the term “national competitiveness and it has become a much-debated concept. Clark and Tracey (2004) argued that the definition of competitiveness is one of the many unresolved debates posing significant challenges to contemporary academic inquiry and policy-making in the field of globalization and economic integration. Equally, Chursin and Makarov (2015 p.4) note that “with reference to an economic entity, market participant, economic process, etc., the meaning of competitiveness is interpreted in terms of the purposes, problems, and the content of the study”. In other words, “competitiveness...
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...World Forums Everett Cordy, everett.cordy@waldenu.edu Student ID#: A00186883 MGMT 8010 – Management in Human and Societal Development Winter Quarter, 2011 Professor: Dr. Kenneth Sherman Walden University January 11, 2012 Abstract This paper critically examines contrasting worldviews on corporate and civil society. To facilitate this examination, a comparison of the values and purposes of the World Social Forum is contrasted with those of the World Economic Forum. The analysis concludes that, without individual and governmental input, corporate action cannot be relied upon to improve the state of the world. . World Forums Without a doubt, the values of the “haves and have not’s” has been in increasing, not only on a national scale, but also on a global scale. From ‘state house’ to ‘hut house’, it is obvious that today’s emphasis on ‘money at any costs’ has resulted in a perversion of the Golden Rule, resulting in “those who have the gold, make the rule”. Not only has this attitude resulted in an abandonment of values that underpin traditional American values of democracy, respect and value of differing cultures, it exacerbates a legacy of American and European colonialism on a global scale. This attitude is manifested in American and European government and corporate policies and actions that erode the principles of corporate social responsibility. World Social...
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...Section 7: Conclusion Section China and the World: Scenarios to 2025 7 Conclusion Given the importance of China today, there can Wild cards are low probability events which be no doubt that the determination of Chinese would have a significant impact if they were to leadership to maintain the course of reform will occur. In the case of China they could include : be a decisive factor in the global future. It is • A possible Taiwan conflict : equally true that the support of other global How would China react if Taiwan were to players and their preparedness to welcome declare independence ? For many years China in its gradual rise in greatness will have a independence was not an issue as the direct impact on how China emerges. Given the Kuomintang rulers of Taiwan claimed they close connection between China and global were the real government of China and welfare, these scenarios indicate that outsiders had no interest in relinquishing their claim must appreciate the scale of the challenges on sovereignty. But independence has faced by the government in Beijing, and that become an issue with the rise of generations those in China need to comprehend the born and raised on the island. They have sensitivities of outsiders to its rise. successfully established democratic rule and some do not want to be subject to rule Raising awareness of differing sensitivities is an important role that scenarios can play. from a distant capital. The implications of...
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...average-sized country located in the heart of Africa bordering Equatorial Guinea, Gabon, the Republic of the Congo, Central African Republic, Chad and Nigeria; it is the central center for trading goods and services around the world (WTO, 2013). Its population size equals to 22.25 million people and grows at a rate of 5.5 percent every year (GDP); unfortunately the World Economic Forum has ranked the country’s competitiveness at 116 with a value of 3.66 (WEF, 2014, p.69). Cameroon has a significant amount of agricultural areas perfect for farming, ample water resources and rainfall, and forests to improve its economic condition. In addition, the country has favorable commodity economies which employ over 60% of the workforce; the workforce contributes 22% to the GDP (WTO, 2013). Not only that, Cameroon has an unpretentious supply of oil resources; fortunately, the country faces the same serious problems of poverty and underdevelopment similar to other low growth countries. The issues include a sluggish per capita income, inequitable distribution of income, corruption, and unfavorable climate fluctuations not fit for business entities. According to the Central Intelligence Agency (2014), the Cameroonian government joins forces with the International Monetary Fund and World Bank utilizing programs designed to boost their low growth economy by improving business investments, agriculture efficiency, trade, and reducing poverty. Cameroon's ranking in the Global Competitive Index slows that...
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...free trade and economic integration to the benefit of its four Member States [1]. The four EFTA States are world leaders in several sectors that is vital to the global economy are Liechtenstein, Switzerland, Iceland, and Norway. Liechtenstein, despite its small size and limited resources, is highly industrialized and specialized in capital-intensive and R&D driven technology and products. The Swiss economy is based on high quality products that are competitive in the world markets. Switzerland is a world leader in pharmaceuticals, biotechnology, machinery, watchmaking, banking and insurance. Iceland’s economy benefits from renewable natural resources, in particular rich fishing grounds and hydro and geothermal power. Whilst still relying heavily on fishing and fish processing, the Icelandic economy has increasingly diversified into other industries and services. Norway is abundant in natural resources also contribute significantly to economic strength. Key activities relate to petroleum exploration and production, hydroelectric power and fisheries. Important services sectors include maritime transport, telecommunication and energy-related services [2]. Knowing the highlights of EFTA States, the following discussions and analyses will serve as your guide and basis in doing business with them. This is to discuss how the industry and the company be affected by the various global environment: Economic, Cultural-Social, PoliticalLegal and Financial. I. Economic Environment The...
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...selecting the country. Some of the factors which are considered when deciding on which country to invest are as follows: A. Infrastructure: Latin America lags behind in terms of infrastructure. This is a disadvantage for Latin America since it has a negative implication on its production and foreign direct investment. The proportion of paved roads in Latin America is comparatively low. i) Brazil: Brazil, the biggest economy in Latin America is ranked 104 in 2014 according to the “Global Competitiveness Report” by the World Economic Forum. This significantly increases the set up costs for new firms. ii) Argentina: Argentina lags even further behind Brazil in terms of infrastructure according to “Global Competitiveness Report” by the World Economic Forum published in 2014. This makes Argentina unsuitable for setting up new subsidiary. iii) Mexico: Mexico is ranked 73rd in the “Global Competitiveness Report” published in 2014, by the World Economic Forum. This shows Mexico is better in terms of infrastructure than Brazil and Argentina. Hence, Mexico will be the better choice compared to the other two countries. B. Barriers to Entry: Foreign Direct Investment has increased significantly in Latin America in the past decade but it does not make it easy for foreign firms to enter in their market. i) Brazil: Foreign firms are required to register and must have separate identification numbers and accounts for each fund. This increases the cost significantly...
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...Insight Report The Global Competitiveness Report 2014–2015 Klaus Schwab, World Economic Forum Insight Report The Global Competitiveness Report 2014–2015 Full Data Edition Professor Klaus Schwab World Economic Forum Editor Professor Xavier Sala-i-Martín Columbia University Chief Advisor of The Global Competitiveness and Benchmarking Network © 2014 World Economic Forum World Economic Forum Geneva The Global Competitiveness Report 2014–2015: Full Data Edition is published by the World Economic Forum within the framework of The Global Competitiveness and Benchmarking Network. Copyright © 2014 by the World Economic Forum Professor Klaus Schwab Executive Chairman All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior permission of the World Economic Forum. Professor Xavier Sala-i-Martín Chief Advisor of The Global Competitiveness and Benchmarking Network Espen Barth Eide Managing Director and Member of the Managing Board ISBN-13: 978-92-95044-98-2 ISBN-10: 92-95044-98-3 Jennifer Blanke Chief Economist This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. THE GLOBAL COMPETITIVENESS AND BENCHMARKING NETWORK Margareta Drzeniek Hanouz, Head of the Global Competitiveness and Benchmarking Network and...
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...Swiss ski resort hosts the annual meeting of the World Economic Forum. The forum focuses on improving the state of the world as the article states. The main point of this article is globalization and that more integration is better. Trying to make this happen had been rather difficult especially because of the financial crisis that struck back in 2008. Serious questions rose about whether globalization was more of a threat than a benefit. One major problem has been trade, which plummeted after the crisis, and is it only now getting better. Unfortunately there is no other way to say it but globalization has stalled. There are many risks when it comes to cross-border trades and investors are getting more intimidated. Joachim Fels warned that 2014 could potentially be a repeat of 1914, which brought a rapid end to the first golden era of globalization. The view from Davos is different which means not all is lost. Trade talks seem to be the common topic of discussion and negotiators are making progress toward the TPP on one side of the world and the TTIP on the other side. If the Pacific and Atlantic trade deals get completed and ratified that would amount to the largest trade liberalization from a negotiating process in the history of mankind. Negotiators recognize that they need to keep moving forward to be able to make this possible and if not everything could fall apart quickly. Globalization has paid off big for the developing world. Now trade and investments between developing...
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...International competitiveness 2016 Assignment about National Competitiveness Based on World Economic Forum Report and Doing Business Report THE INDONESIA CASE MAIN SOURCES: * World Economic Forum, Global Competitiveness Report 2015-2016 * World Bank, Doing Business Report 2015-2016 * “The Economist” * “The Age” * “CNBC, World Economy” * “Indonesia-Investments” LORENZO TRABACCHI 4502720 INDONESIA: A CASE OF COMPETITIVENESS The World Economic Forum approach: Indonesia case Overview According to the WEF Global Competitiveness Report 2015-2016, Indonesia has an overall position of 37 out of 140 countries, with a score of 4.52 from 1 to 7 and a positive trend line which shows the evolution in percentile rank since 2007. Even the rank among 2014-2015 economies was 37, while the GCI 2014-2015 rank was 34 out of 144 economies. The graph here, shows that, the GDP per capita in Indonesia, since 1990 to 2014, had always grown in parallel with but more than the average of other countries in the same regional area (Emerging and Developing Asia). Since 2012-2013, Indonesia has always grown in terms of GCI, moving from the 50th to the 37th position with a score shifted from 4.4 to 4.5. Overall position of the country in the regional area Behind Singapore (2nd), the five largest members of the Association of Southeast Asian Nations (ASEAN)—namely Malaysia (18th, up two), Thailand (32nd, down one), Indonesia (37th, down four), the...
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...year. The meager business sector in Israel is high-tech industrial sector. This innovation business combined with the presence the best research institutions on the world. Supported by the government’s public procurement policies. Give Israel high rank Israel have varies industries. Like high-technology products, metal products “diamond”, electronic and biomedical equipment, agricultural products, processed foods, chemicals, and transport equipment. Science and technology in Israel is one of the country's most highly developed and industrialized . Israel are the 1st of the world for expenses at R&D “Research and Development “, as percent of GDP Gross domestic product. The research institutes are not only supports business. This lead to get the 6th place of patents on the world, and 4th according to PCT patents applications per million populations. Many of international company invest in R&N in Israel. For examples Intel, Microsoft, Cisco, Motorola, and more than 20 high-tech companies on the world have institutes in Israel. Most of these institutes was the first one out of their original countries. Macroeconomic is a meager key on business development. Israelis success on increasing budgetary discipline with a view to reducing debt levels. This will help the country maintaining stability and support economic growth going into the future. Israel investing and facilitate the investment in infrastructure sector, such as: • Energy. Israel an importer for energy. The transportation...
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...for scientific research, companies spend generously on R&D, intellectual property protection is generally strong and the country’s public institutions are transparent and stable. Switzerland's major industries include tourism, the provision of banking, insurance and financial services, watch-making, precision instrument manufacturing and chemical manufacturing. The service sector contributes more than 70% of Switzerland's economy, and much of that is financial services. Over 200 thousand Swiss jobs are in banking, which represents~ 5% of the whole Swiss workforce, and they are not the worst paid ones. Switzerland is said to be the world's biggest center of private banking, with more than a third of all private wealth based there. Economic Indictors Switzerland hosts approximately eight million citizens with a GDP country rank of 37 out of 192 countries as of 2013. GDP Per Capita PPP steadily increased over the past five years from $47,317 in 2009 to $53,750, an average increase per year of 3%. The country’s economy experienced significant growth with a GDP Grow Rate of -1.94% in 2009 increased to 2.95% in 2010 and slightly decreasing to 2% in 2013. Switzerland also has experienced a low level unemployment rates and inflation rates over the past few years. Unemployment rates have ranged from 4% to 4.6% during years 2009-2012 (4.2%) and inflation rates have ranged from -.67% to .07% (-.67% in 2012)during the same period; both indicators are significantly lower than United...
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...Business International risk management 1 Geopolitics, International Environment and Business Risks identification Are we leading towards economic war? 2 Geopolitics, International Environment and Business Several agencies seem to reinforce this idea, particularly regarding international trade 3 “Public economic warfare” Japan JETRO, Japan External Trade Organization (www.jetro.go.jp) Created in 1958 to promote Japanese exports From the 80s it expands to developing countries. 21st century: To promote FDI into Japan To help small & medium sized companies to export. 4 USA (1992, 1993): Bill Clinton Policy "Putting People First, A National Economic Strategy For America" Governor Bill Clinton June 21, 1992 Opening up world markets. […] we will move aggressively to open foreign markets to quality American goods and services (for instance, NAFTA) Economic security council / Advocacy Center / CIA / FBI –Economic Counterintelligence Program The stakes in this game are high! 5 FRANCE: UBIFRANCE -Offices in France (partnership with chambers of trade) -80 offices in 60 different countries (156 in 120 countries if Economic Missions considered) -More than 1,400 collaborators MISSION: to make French exports easier, to support and to monitor French companies abroad. 6 7 “Private economic war” International competition Is it replacing military conflicts? Competitive intelligence and/or industrial spying? ...
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...Guidelines for Country Case Report Students are required to do one short Country Case Report, which will count toward the final grade. Country Case Report is worth a maximum total of 100, and each report will contribute to 25% of a student’s final grade. The country case report requires a student to select a country of his/her choice to examine the politics of globalization in that particular country. However, there are sign-up lists for particular group of countries with a maximum number of students who can write on a particular country. These lists are on ‘first-come, first-served’ basis. To encourage students to select countries that are not commonly researched, there is a list of such countries in which students will be given extra points if they choose from this list. The written report should develop and present a position about the politics of globalization for the selected country. The report should also address the expectations as specified by UH Critical Thinking Rubric and by INTB 3352 Global Citizenship Rubric. Please review the grading scheme before writing the report. Technical Requirements: * The minimum requirement is 5 pages (double space with 12 font, Times New Roman, with one inch margins). Maximum is 8 pages (double space). The cover page (e.g., your name and course), bibliography page, and/or any table/figure will not count toward the report’s page requirement. * Provide...
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...title for your report Table of Content: including the main title for your assignment and page numbers 1. Executive summary: must contain all critical information presented in the report in a concise manner. 2. Company background: Outline the company’s background and describe the product or service. 3. Target Country PEST – relate the analysis to your product or service Political/Legal – Type and stability of government (Maplecroft’s Political Risk ranking), attitude towards FDI and profit repatriation, tariffs and import restrictions for your product (WTO tariff database), ease of setting up a company (WB’s Ease of Doing Business index ranking), market regulations (e.g. food hygiene laws), corporate tax rate, rule of law ranking (World Justice...
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