PROGRESS 2050: Toward a prosperous future for all Australians
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 February 14, 2017In 2011, according to the IMD's World Competitiveness Yearbook, Australia's competitiveness was ranked 9, down four spots from it's 2010 ranking of 5.
Read more International affairs May 26, 2015Australia has dropped another place in world competitiveness rankings, falling further in economic performance and government efficiency rankings, raising concerns about our competitiveness as a smart economy.
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