![]() ![]() In India, it partners with the National Productivity Council. In Singapore, the institute works with the Ministry of Trade and Industry's economics division, and the Singapore Business Federation. ![]() The report is produced with the support of a network of 57 local partner institutes. It also "serves managers and policymakers alike and is an indicator of the quality of life in each country it assesses." It's not what China does yet and it's not what the US even does fully yet," said Professor Arturo Bris, Director of the WCC.Īccording to the institute, which is co-headquartered in Switzerland and Singapore, the ranking provides a "valuable tool for evaluating highly contrasting business environments, for supporting international investment decisions, and for assessing the impact of various public policies." "A country's ability to generate prosperity for its people is a key determiner of success. In addition to GDP and productivity, it looks into how enterprises cope with political, social and cultural factors. It analyses and ranks countries according to how they manage their competencies to achieve long-term value creation. The report uses a combination of surveys, statistical data and trends to benchmark the competitiveness of 64 countries around the world. First published in 1989, IMD World Competitiveness Yearbook (WCY), is a comprehensive annual report and worldwide reference point on the competitiveness of countries. ![]()
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