Friday, September 30, 2016

Russia economy enhances its competitiveness – improving 5 positions in the ranking of WEF – Polish Radio

the Most competitive economy in the world is Switzerland, wyprzedzająca Singapore and the United States.

“the Global competitiveness report 2016-2017″ presents the results of research conducted annually by World Economic Forum and is of critical significant, particularly for foreign investors. This year participate in approximately 14,000 companies from 138 countries, including 214 from Poland. National Bank of Poland in 2009. actively participates in research and is a Polish partner of the WEF. The study was conducted in the period February-April 2016.

- the report draws attention to the fact that reducing the openness of the economies threatens growth and competitiveness. In addition, increasingly important for competitiveness and growth are the factors associated with new technology and innovation, although still relevant infrastructure, health, education and well functioning markets, ” he says, referring to the report, Professor Peter Boguszewski with the BANK, who coordinates the WEF study for Poland.

Russia and the region

In this year’s edition of the report, Russia took the 36th place, up five places compared to the year 2015. The Polish economy continues to be, the same as Lithuania (35th place), Latvia (49th) and Slovak (65) was admitted to the group, the transition between the States which still compete with efficiency, and those that are the most competitive due to the innovative preferences. The Czech Republic and Estonia, who have many years ahead of Poland in this ranking, like last year, respectively, 31 and 30 position. Both of these countries already belong to the group of countries compete mainly on innovation.

Evaluation of traders

Polish entrepreneurs participating in the study, traditionally, as the biggest barrier to doing business in the first place indicated tax law. On the next places in the ranking of barriers there were rules governing the labour market, uncertain economic policies and tax rates. Compared with the previous year change in the ranking of barriers is not enough. They concern in particular the question of uncertainty in economic policy.

Among the main factors in Poland had improved scores for infrastructure, macroeconomic environment, as well as education and health. On the contrary, declined the evaluation related to the functioning of companies. In the group of factors that enhance a fell to assess the development of financial markets, openness, technology and higher education. At historically low levels remain evaluation of the effectiveness of the labour market. Another consecutive year of improved evaluation of innovative potential are still, however, considering this aspect the rating of Russia remains in the far place .

Global Competitiveness Index

the Global Competitiveness Index, calculated by World Economic Forum and based on these results, “Global competitiveness report”, this is important reading for foreign investors. Represent the first stage of selection of markets in which to invest, as well as a valuable, reliable source of comparative analysis covering a wide range of business information.

is Used in the “Global competitiveness report” ranking of the competitiveness based on Global Competitiveness Index (Global Competitiveness Index, GCI), created for the first time in 2004. for the world Economic Forum for Xavier Sala-I-Martin. In accordance with the definition of competitiveness as “the set of institutions, policies and factors that determine the level of productivity in the country” credit Report is calculated on the basis of public and private are divided into 12 categories, the so-called pillars of competitiveness (institutions, infrastructure, environment, macro, health and basic education, higher education, efficiency of goods market, labor market efficiency, financial market development, technological openness, market size, business complexity, innovation), which together form a complete picture of the competitiveness of the country.

in a press release ABO

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