Rethinking National Competitiveness

Infographic for Rethinking National Competitiveness

About this infographic

For many years national competitiveness has been measured in terms of the economic growth and long-term prosperity a country is able to achieve. It has been, in fact, closely related to the concept of productivity. In the past few years, the World Economic Forum started to base its competitiveness analysis on the Global Competitiveness Index (GCI), covering the whole set of factors that determines a more —or less— competitive economy. The components of the GCI are grouped into 12 pillars of economic competitiveness each measuring a different aspect (i.e., institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation). Both GCI and the 12 Pillars are plotted in the diagram in the most external ring of the circle. According to the GCI value, economies compete in different ways and thus, at different stages. The stages of development of the countries considered are represented at the first inner ring of the diagram in blue. This infographic has a wealth of data, but manages to keep it relatively easy to understand.

Source: visualassessment.net

A collection of cool, well designed, information graphics (infographics) showcasing the power of data visualization