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In 2012, Australia slipped six places to 15 in world competitiveness rankings with significant drops in the labour market and international trade competitiveness rankings. Released May 2012.
Key factors in Australia's poor ranking for labour market competitiveness included the high Australian dollar, skills shortages and the re-emergence of industrial relations as a key national issue, with a number of high profile disputes.
The World Competitiveness Yearbook survey has over 300 individual criteria rankings grouped into four competitiveness factors:
2012 World Competitiveness Yearbook is produced by the Switzerland based IMD World Competitiveness Center with the help of CEDA in Australia and other international partners.
The IMD World Competitiveness Yearbook compares and ranks 59 countries on business competiveness criteria and is the world's most renowned and comprehensive annual report on the competitiveness of nations.
This is analysis prepared for CEDA by Gary Sampson, Professor of International Trade at Melbourne Business School, former Director at the GATT and WTO, and Senior Counsellor to the WTO Director General. It addresses the challenges facing world trade and supply chains following the COVID-19 pandemic.
Read more International affairs April 29, 2020As part of our Economic Recovery series, CEDA is examines the implications for Australia’s security of supply for goods now and into the future and outlining how Australia should respond to emerging trends, including implications for trade and industry policy.
Read more International affairs February 14, 2017In the 2009 WYC, Australia maintained its ranking of 7th place of the 57 nations.
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