PH takes 56th spot in global competitiveness index

Trump delivers a speech during the World Economic Forum annual meeting in Davos

In the annual ranking of competitiveness, which is made up of experts of the world economic forum (WEF), Germany ranked third after the United States of America and Singapore.

The US earned top spot on its market size, stability and innovation ecosystem - including idea generation, entrepreneurial culture, openness and agility. Zahidi noted that the USA competitiveness was marred only by the country's low score in terms of participation by women in the labor force, where it ranked 37th, as well as 40th place in terms of press freedom.Meanwhile, Singapore's strengths were in the areas of infrastructure and product market, both pillars in which it was top ranked.

The WEF ranks 140 world economies according to 12 "pillars", or factors that measure economic readiness.

The country was ranked lowest in product market at 102nd, business dynamism at 101st and skills at 97th.

With the financial system pillar, Ghana experienced a general increase in scores of some indicators from 2017 such as financing of SMEs and venture capital availability but these scores on a scale of 0-100 were low. "To what extent are they able to embrace change and adapt to change and upgrade their economies?" It is a full six years behind Singapore and Japan, the report found. Switzerland is ranked first in terms of the ability to reskill and retrain its workforce, while Germany is supposedly the best when it comes to mastering the innovation process in business. The organisation assessed a variety of metrics, including infrastructure, information and communications technology, macroeconomic stability, health, skills and labor market.

USA 'opens Catholic church sex abuse probe' in Pennsylvania
Justice Department has opened an investigation of child sexual abuse inside the Roman Catholic Church in Pennsylvania . McSwain said she could not "confirm, deny or otherwise comment on the existence or nonexistence of an investigation".

Centre for Policy Dialogue (CPD), the local partner of WEF, released the report at a press briefing at CIRDAP auditorium in Dhaka.

"At a time of escalating trade tensions and a backlash against globalisation, the report also reveals the importance of openness for competitiveness", it explained.

In contrast, the United States in 2016 ranked 43rd with an average lifespan of 78.7 years.

The Global Competitiveness Report for 2018 showed that the US economy is closer to the "ideal state" than any other country.

"I foresee a new global divide between countries who understand innovative transformations and those that don't", he said in a statement. Hopefully, we will see more business-government-academe linkages to support the growth of priority sectors. Thus, while few governments have begun to plan for the impact of the fourth industrial revolution, the majority of global economies are ill-prepared for rapid advances in technology.



Latest news

Apple iPhone Xr - South African pricing
Customers planning to join the Upgrade Program with their iPhone XR purchase can take advantage of this, too. The iPhone XR comes in five colours: Black, white, yellow, coral and a special edition that comes in red.

Eddie Jones Names 36-Man England Squad For Autumn Internationals
The fact so many players are unavailable through injury, retirement or suspension has enabled Jones to take a look at some fresh faces.

Prince Harry climbs Sydney Harbor Bridge to kick off Invictus Games
She was still sobbing when she spoke to Channel Nine after the moment. "But the Duke said there's never too many bananas". Cameras captured Prince Harry pointing down at the bemused lifeguard's feet while Meghan chuckles by his side.

Samsung makes a major 5G push
Samsung said on Wednesday that it will explore and invest in other business opportunities powered by the emerging technologies. Samsung Electronics has announced its acquisition of Zhilabs, a company that offers AI-based network and service analytics.

Trump Lauds Feral Congressman For Body Slamming Reporter
Here's the video of Trump on Greg Gianforte body slamming Ben Jacobs: "Any guy that can do a body slam, he's my kind of guy". On social media, though, some quickly noted Trump's omission.

Russians ‘will go to heaven’ in event of nuclear war: Putin
He noted that the militant group was expanding its control in territory controlled by USA and US-backed forces. TASS said the terrorists had kidnapped around 130 families and taken them to the city of Hajin.

Canada’s dagga stores running out of supplies
Still, the country-wide supply crunch continued to make it hard for cannabis retailers to meet existing demand. The SQDC said it expects further shortages - particularly for oil, capsules, atomizers and prerolled joints.

Lara Alqasem Allowed Into Israel After Supreme Court Accepts Appeal
Alqasem said in a statement that she was "relieved at the court's decision" and thankful for the support of her friends and family.

Trump Threatens Military Action If Mexico Doesn't Stop Migrant Caravan
Trump said in one tweet. "It is a plan that we have, that anyone who wants to work in Mexico will have a work visa", he said. He offered several theories about who was handing out the money, but The Epoch Times couldn't independently verify them.

USA to merge Jerusalem consulate general with new embassy
However, the announcement follows the United States closure of the Palestinian Authority's mission in Washington DC in September. Consulate in Hong Kong, which also has its own chief of mission who does not report to the U.S. ambassador in Beijing.

Commentator falls off chair as Boston Red Sox claim dramatic play-off win
I mean, it's happening right now during a really important series and I just think it's bigger than us, bigger than any team. Luhnow said the club will abide by MLB's guidelines and that any prior monitoring was done as protection.

NOAA releases 2018-19 Winter Outlook
Northern Florida and southern Georgia have the greatest odds for above-average precipitation during the winter, the NOAA said. Farmer's Almanac Editor Peter Geiger said in late August his publication predicts "a very long, cold and snow-filled winter".

Video shows woman abandon friend's toddler on Texas doorstep
Please share with your family and friends and help us locate this woman and identify the child and reunite him with family. Authorities say they don't know the identity of the woman or the boy, who was uninjured and appeared to be in good health.

OnePlus CEO confirms another way the OnePlus 6T has rivals beat
The OnePlus 6T will be powered by Qualcomm Snapdragon 845 processor, will come with up to 8GB RAM and up to 256GB storage. The upcoming OnePlus 6T , launching on october 30 , will have a bunch of changes from the existing OnePlus 6 .

Trump on Missing Saudi Journalist: 'Bad Stories' Going Around
Khashoggi fled from Saudi Arabia in September 2017, months after Prince Mohammed was appointed heir to the throne. The story regarding dismembering and killing Khashoggi was only featured on Reuters and AFP.

Other news