Report 2021 EIGHT COMPETITIVENESS LAB - EQS COCKPIT
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…for liberty to emerge and flourish, both state and society must be strong. A strong state is needed to control violence, enforce laws, and provide public services that are critical for a life in which people are empowered to make and pursue their choices. A strong, mobilized society is needed to control and shackle the strong state. The Narrow Corridor – States, Societies, And the Fate of Liberty - Daron Acemoglu and James A. Robinson (2019)
Eight Competitiveness Lab This report is a product of the work of the The Lab has been established by Eight Eight Competitiveness Lab, whose aim is International, an organization consisting to provide international investors with the of 8 business advisory founding firms, and essential data they require to make informed associate members present in more than 30 business decisions. It tracks and shares the countries globally. It is a global organisation most relevant and up to date information on with strong European roots focusing on the progress and development of the global transactions, restructuring, transformation economy. and financial engineering. With offices in the UK, France, Germany, The research provides critical evidence that Switzerland, Belgium, the Netherlands, shows that the most favourable business Poland, Italy, Spain, Russia and India, Eight environment is not dependent on low taxes International is a fast-growing advisory or low wages. In our view, the crucial formula firm of a new type, serving multinational required to achieve both economic success corporations, private equity firms, investors and human happiness is a sustained focus and family offices. Fifth edition on wellbeing, political and social stability of the Eight Competitiveness Report, and a determination to deliver the highest which provides a yardstick educational standards. to compare countries In this edition of the Eight Competitiveness Report Legal note we measure the appeal of countries. More specifically, what is the attractiveness of a country to its own population, to foreign visitors, investors, students, researchers, This report is partially based on data that Eight International in no way represents, and entrepreneurs. was compiled by the Eight Competitiveness owns or controls rights to the data and will Various sources have been Lab from various local and international not be liable to users for any claims brought used to compile organizations and institutions. They were against users by third parties in connection this “ranking of rankings”. obtained with the prior written permission of with their use of any data. Users must refer their owners. to the data owners’ terms of use, in particular concerning the attribution, distribution, and Although Eight International makes every reproduction of the data. effort to ensure that the data is accurately Copyright: © Eight International reflected in this report, we (a) provide the data “as is, as available” and without warranty of any kind, either expressed or implied, including, without limitation, warranties of merchantability, fitness for a particular purpose and non-infringement; (b) make no representation, expressed or implied, as to the accuracy of the data contained in this report or its suitability for any particular purpose; (c) accept no liability for any use of the said data or reliance placed on it, in particular, for any interpretations, decisions, or actions based on the data in this report. 5
The unique combination of rankings makes up the socio-economic DNA of a country. However, these metrics and rankings are not set in stone. Impact of the covid pandemic, which affected every country in the world Pascal Raidron in different ways, has made it abundantly clear. For Europe the following years will be decisive. Not only will the economic and societal outcomes President of the pandemic become apparent, but also on a geopolitical level there is of Eight Advisory increased tension that sooner or later will impact all regions. & Eight International In this edition, we have added a particular emphasis on Europe. Unique to this f ifth version are tables juxtaposing Europe’s socio-economic models along with a matrix comparing the world’s big economic powers. The f irst one shows that each socio-economic model in Europe excels at something and complements the others. That is why Europe has more to offer as a whole. The matrix comparing powers also illustrates this. Europe is much more than a simple sum of individual countries. Together, Europe Alexis Karklins-Marchay can truly compete with the other big powers in the world. Partner at Eight Advisory If there is one lesson to be learned f rom this report, it is that Europe’s & General Secretary diversity is one of its greatest assets. Given that the coming years will prove of Eight International crucial, the European Union has an important role to play. A strong united Europe is needed to defend and protect our common values. Competitiveness Report 2021
Switzerland, the Netherlands and Nordics take it all A number of highlights from 4. Despite being a mid-sized country, Switzerland this year’s edition of the Global remains very high in all rankings related to competitiveness. Switzerland still has the Competitiveness Report: 5. most advanced business environment, but the Netherlands are also well positioned. The country can claim elevated positions in a number of rankings - whether it comes to global competitiveness, economic freedom or infrastructure quality. In the case of the Nordics 1. the situation remains unchanged: Sweden, Competitiveness revised Denmark, Finland and Norway top almost all rankings, have the most productive businesses, Global competitiveness is not another term for cheap are the best places to live and raise kids and Italy - labor or low taxes. It’s a unique blend of individual are well positioned to compete in the global excellent national economy. freedoms and collective decision-making, of entrepreneurship and social protection. health system Italians pride themselves in having one of the best national health systems in the world. Though the pandemic might have challenged that perception, the country excels in terms of overall health achieving second place in the healthiest country index. The 2. government is now shifting the focus away from big hospitals to a “next-door” healthcare system, providing Italians with top quality 6. medical services in towns and villages, which will only make the system work even more efficiently. Big in Russia & India Europe as the next big power Both India and Russia are the countries to keep an eye on, as their business climates 7. If Europe were to be a country, it could definitely rival the likes of China Poland - Master of became much more attractive to foreign and the United States. Europe is the second largest economy in the world, investors. The ease of doing business it ranks first in the ranking of universities and is the third biggest supplier infrastructure improved in Russia as well as India – these of companies to the Fortune Global 500. The conclusion is clear: a united are very welcome developments and should Europe would truly be able to compete with the other big powers in the When it comes to infrastructure further add to these large countries’ and their world. This will prove to be important during the geopolitical shifts in the quality, Poland moved up sharply ability to attract foreign investment. coming years. The following years will be determined by the economic in the rankings. Its prosperity still requires it to catch up to its 8. recovery of the pandemic, geopolitical tensions, and climate change. During these crucial times, Europe must step up and take on its responsibility as European peers – an area for development which would be 3. the world’s next big power. welcomed. Germany – striking the balance As a big and open economy, Germany maintains its strong balance between economic competitiveness and high social standard but faces challenges with The beauty of being different its infrastructure. 9. Within Europe we look at different economic models – Benelux, British Isles, Viségrad, Nordics, Med7 as well as 10. DACH (Germany, Austria and Switzerland). Not a single economic model tops each and every ranking. DACH is a very advanced and innovative region. The British Isles have a favorable business environment and the Nordics score well on political and social stability. The conclusion is clear: European societal models are clearly complementary and Home of global every European region has its own characteristics - as is the companies case in countries such as China or the United States. We should embrace those differences and explore how to turn With a leading position in the Brave, little and open Competitiveness them into an advantage. world, France is truly the home of global companies as it is the 4th Belgium can be seen as an example of a Report 2021 biggest supplier of companies on small, but very open economy that boasts the Fortune Global 500 list. France a quality education and freedom in its is also recognized for its business broadest sense, which positions the country schools and its infrastructure. as a democratic hub, centrally located in northwestern Europe. 10 11
Contents 13 Introductions 14 Foreword 22 Country by country summaries 24 Germany 26 28 30 France United Kingdom Italy Introduction 32 Spain When the last edition of the Eight Competitiveness Report was published, “a pandemic” 34 Poland was mostly seen in textbooks or science fiction movies. A face mask was usually seen 36 The Netherlands to be worn by doctors in operating theatres. Vaccines were often associated with small children or 38 Belgium as a part of travelling abroad to far-off destinations. Today’s situation is completely different from 40 Switzerland the one we encountered two years ago. In 2020 we are faced with the first true global pandemic in a globalized world. The pandemic has had a significant impact to societies, economies, health systems 42 Russia and government budgets. Yet we have equally witnessed the strength and resilience of our systems. 44 India The unique combination of academic research, innovation and market economies have led to the development of multiple vaccines in record speed. It is particularly impressive that there was less 46 Rankings than a year between the outbreak of Covid-19 and the administration of the first vaccines. 98 Socioeconomic models It is clear that countries have been impacted in various ways resulting in different outcomes. Put someone under stress, and their true nature will emerge. 104 Big powers The same goes for countries. Whether it was the tackling of the pandemic outbreak, the appetite for international cooperation, crisis management, research into a vaccine, 110 About Us the deployment of financial and economic support or a policy agenda to restart the economy - every country acted according to the way they are institutionally wired. 112 About Eight Competitiveness Lab In the past one and a half years we have been able to learn a lot about how 113 About Eight International countries function - and how this ties in with the societal choices they make. 114 Methodology This report is about the choices countries make - and what it means for their societal, 115 Acknowledgement economic and financial future. 116 Contact 03
1 FOREWORD What is competitiveness Ultimately competitiveness measures the attractiveness of a country. Not just to foreign Like in previous editions, this investors that could be lured with low taxes or report presents a ranking of all flexible business rules. But also the appeal to rankings. its own population, to students, researchers, entrepreneurs, etc. The appeal to foreign We have compiled the most relevant rankings visitors researchers, investors and ultimately into four different themes: Economic Strength, the appeal to other countries - is my country a Business Environment, Political and Social “model” that other countries want “to copy”? Stability and finally Education and Quality of Those are questions or policy challenges Life. For each country, the unique combination that go beyond a “low taxes or cheap labor” For us competitiveness is not just ‘‘having the lowest tax rate”. If that approach. Which socio-economic model is of rankings makes up their socio-economic DNA. They are an imprint of a country’s identity, were the case then many poor countries around the world would most competitive? Fast-growing and unfree or the reflection of the inner self of a country. The rank as highly competitive. rich and democratic? High quality education rankings tell us how countries or power blocks and low infrastructure quality or a lower are actually perceived by others. However, these ranking in education yet a higher ranking in metrics and rankings are not set in stone. As health? is clear from the report, many countries move up or down the rankings between different years - sometimes quite significantly. It is the Which country would you like your children to For some nations, low taxes are an important lens through which countries are perceived by live in? Which country would you gladly move policy tool - small, open, advanced economies investors and visitors. to? Not just for a holiday but permanently. are a case in point. Take Ireland, Estonia, or When answering these questions we Luxembourg. What these countries lack in size automatically make an assessment of the and scale relative to their big neighbours, they different characteristics of a country. Would try to make up in tax breaks or lower taxes. you like to live in fast-growing China or in free Denmark? Would you like to live in the highly Yet lower taxes are not a structural and exclusive 2 Covid has reinforced educated United States or in highly educated solution to increased prosperity. Today we are as well as gender equal Sweden? Low taxation seeing an international drive for an international might cross our minds. But we would also minimum tax on corporations - under the prefer inequality to be relatively low. The quality of higher education and the quality of infrastructure should be to a sufficient degree. impulse of the OECD, the European Union and even the new Biden administration. This could prove to be a game-changer. the importance of competitiveness The health system as well as the absence This would mean that businesses could no of corruption count. Whether women have longer globally shop for the lowest tax rate and equal opportunities or care that is given to the establish themselves there. Furthermore, the Covid19 has had a profound impact on every society in the world and will continue to do so for environment and climate. havoc that the pandemic has wreaked upon some time to come. Are the metrics in this competitiveness report still relevant in the era of government finances will only further hasten Covid19? The answer is nuanced: they are and they aren’t. Let’s first see why they are. That is exactly what we are measuring in this the end of the era of aggressive corporate tax fifth edition of the Eight Competitiveness planning. It would mean that different metrics It is the case that different societal models have reacted differently Report. These are exactly the yardsticks that will gain much more importance. Especially for to the outbreak of the pandemic. An instructive way of looking at this we are providing. For us, competitiveness is not the smaller open economies it means that other just “having the lowest tax rate”. If that were the qualities will become more crucial. Equality, is the so-called Covid19 impossible trilemma. case then many developing countries around freedom of the press, quality of education, the world would rank as highly competitive. health, democracy or social progress. The different rankings provide each country or socio-economic model with a unique fingerprint However, this is not the case. Everybody sees or DNA. It is the case that different societal models have reacted differently to the outbreak of that low taxes do not equal competitiveness. the pandemic. An instructive way of looking at this is the so-called Covid19 impossible trilemma. Imagine a Newton’s pendulum with three spheres representing different aspects of the Covid19 pandemic: health, economy, and freedom. Policy makers that wanted to tackle the pandemic could choose one out of the three policy domains they wanted to control expecting certain influence on the health status of their citizens. It seems impossible to control the three at the same time. Competitiveness Report 2021 14 15
Some countries chose to cushion the blow to the economy as much as possible as well as The way countries managed to get the pandemic under control as soon the pandemic, the economic as possible. The only way to do this was by fallout, the restrictions of restricting the freedom of its citizens. movement as well as the In those countries the pandemic got under vaccination campaign and the control relatively quickly and the economic fallout was limited. China for example was economic recovery are crucial officially about the only economy in the elements to take into account world that exhibited positive economic in future analyses. growth over 2020 - this is living proof of this approach. However, this increased economic In particular when it comes to determining resilience for the country came at the which socio-economic model is most expense of freedoms on an individual level. prosperous. Another group of countries resolutely chose Are free societies also resilient societies? freedom and the economy. Guaranteeing What does a fast vaccination campaign tell people’s freedom of movement and keeping us about a country’s appeal to investors, the economy for as long, and as much as students or migrants? Maybe it tells us possible. This came at the price of a higher something about scientific prowess or about death toll and more stress on their healthcare logistical excellence. About societal resilience systems. Countries like the United States or about vaccine protectionism. Which or Sweden can be found in this category. A societies are more resilient? Free ones or last group of countries wanted to safeguard less free ones? Unequal ones or equal ones? their population’s hard won freedoms as These are interesting metrics and debates much as possible and at the same time get that we need to watch out for in the period to the pandemic under control. The only way to come. achieve this was to sacrifice big parts of the economy - restrictions on opening hours or There are also non-Covid related the closing down of entire sectors led to big metrics that will become more economic losses. Most European countries fall into this category. important in the next couple of years. Climate change might be the biggest challenge humankind Time will tell which approach has ever been confronted with. proved to be the best. Health, economy and freedom are not Consequently, if we are able to tackle this, it will be one of the greatest feats ever achieved simply levers that are pulled - even greater than the combustion engine, at will. What countries chose, flight, computing or modern medicine. corresponds closely to their Climate change is the challenge of our times. socio-economic DNA - which in It is therefore to be expected that we will turn ties in closely with the way start measuring countries more and more against this yardstick. Climate leadership, countries tackled the pandemic. CO2-neutrality or the way countries manage the energy or climate transition will become That brings us to the reason why the metrics important metrics. What are countries doing in this report are no longer the only relevant in this respect? This could include scientific ones. If we want to assess the appeal of development, reduction of CO2 emissions, countries, there are other metrics that we the development of clean technologies will need to be looking at much more in the or managing this transition in a way that future. doesn’t compromise on traditional metrics. Imagine a Newton’s pendulum with three spheres representing different aspects of the Covid19 pandemic: health, economy, and freedom. Policy makers that wanted to tackle the pandemic could choose only one out of the three policy domains they wanted to control expecting certain influence on the health status of their citizens. It seems impossible to control the three at the same time. Competitiveness Report 2021 16 17
3 Europe’s moment of truth In this fifth edition of the Eight Europe stands for openness Competitiveness Report we have added a particular emphasis on Europe. There are to the rest of the world. a number of reasons for this. First of all, the But the pandemic exposed coming years will be crucial for Europe as well that openness can equally as for the European Union. The economic increase our vulnerabilities and damage from Covid19 was disproportionately weaknesses. large for the European continent in 2020. Finally, although still sizable, the stimulus programme in the European Union is dwarfed Counting on open borders and a free by those in the United States where newly- flow of goods makes us more vulnerable elected president Joe Biden has announced when borders close and we are in need massive fiscal stimulus and infrastructure of strategic assets. A stronger and better investment programmes. Europe could and should emerge from the aftermath of this crisis. Big crises have always been In this report we have therefore attempted to show the diversity of Europe. Often single moments in which Europe rises European countries are pitted against China to the occasion and integrates or the United States. Whether it comes to further. size of the economy, number of universities or number of companies in the Fortune Adding to that, the increasing rivalry between Global 500, not a single European country China and the United States will sooner or later can match those mammoth economies’ force uneasy geopolitical choices on Europe as population, GDP or number of multinational well. companies. That is why the recovery from the pandemic However, when we compare the European will be Europe’s moment of truth. Big Union as a whole, the picture changes crises have always been moments in which dramatically. Looking at the population, Europe rises to the occasion and integrates Europe has about 100 million more further. Not long after Second World War, inhabitants than the United States. When the combination of Marshall plan funds and it comes to globalization, Europe is by far the founding of the European Union for the most globalized economic power in Coal and Steel provided the money and the the world - far more than the US, China political will to grow together and to integrate or Japan. When it comes to the biggest further. The European Union in its current companies in the world however, Europe form traces its roots back to the end of the only slightly lags behind China or the US. Second World War. Look more recently at the Of the 500 biggest companies in the world, eurozone sovereign debt crisis or the refugee roughly one out of four is Chinese and about crisis. Time and again Europe takes steps in the same proportion is American. One out advancing towards more integration and of five hails from the European Union. The more effective governance. But some things conclusion is clear: were the European never change: with every new crisis the death Union a “real country”, it could definitely of the European model is announced. With rival with the US and China in terms of size every new crisis this assessment proves to be and power. premature and ill-founded. This exercise has been very instructive Given the size of the post-Covid challenge, and useful. Rather than paint a picture of the task before us is daunting. Europe has diametrically opposed socio-economic learned that protectionism or nationalism models in Europe, the result is much more are not helpful when it comes to tackling nuanced. Every socio-economic model cross-border problems or crises. excels at something and adds value to the rest of the region. The conclusion is clear: Competitiveness Were the European Union a ‘‘real country’’ it could definitely rival with the US and China. Report 2021 19
4 Latin Europe has by far the largest population and counts the most companies in the Fortune Global 500. They equally lead the What sets Europe apart however and what weakens us at the same time is a lack of common vision and common pride of what A lot will change ranks when it comes to universities and the it can achieve on a global scale. Europeans Top Master’s in Management. Germanic often see the half empty glass of division, A lot will change in the post-covid world. This competitiveness report provides a unique Europe tops the list when it comes to whereas we could just as easily see the half We will be faced with a very unequal lens on the different socio-economic models competitiveness and Human Development. full glass of strength through diversity. economic recovery across countries - based around the world. The different rankings can British Europe leads in economic freedom and on their access to vaccines or the availability help us navigate the main tendencies. Which Ease of Doing Business. The Nordics dominate What we possess in terms of prosperity, of recovery funds. A fast recovery is in the countries are getting freer, which ones are all the rankings which refer to Political and historical achievements and wealth we offing for those who have already vaccinated getting more unequal, who has the best Social Stability: from social progress to seem to lack in ambition, optimism and a majority of their population and those who universities and who is leading when it comes inequality and from press freedom to absence entrepreneurial spirit. have very big recovery plans. On the other to the environment or gender equality. That in of corruption. The Visegrád region in turn has end of the spectrum are countries in which itself is very instructive to help us understand the most business friendly tax environment. vaccination still has to gain speed and where the fate of nations. For Europe, this If one thing could strengthen government coffers were already empty to competitiveness report provides interesting begin with. insights as well. Europe’s position in the world, it If this Competitiveness Report would be more self-confidence. Finally the fallout from the pandemic on a Although we have different teaches us one thing it is that If you want others to believe in national and international level will determine socio-economic models Europe is a strong and diverse how we will build back again. There are you, the precondition is that you uncertainties as well as certainties. One thing in Europe, they are all continent. The same regional believe in yourself. is already certain, the world after Covid will be unmistakably... European. differences and socio-economic a much more indebted one. The uncertainties, It is this unique blend of differences exist here as they do on the other hand, are numerous. Will individual freedoms and The post-covid world, the recovery stimulus the pandemic leave permanent scars on in other regions of the world. international cooperation and will we face collective decision-making, of and the climate transition could prove catalysts for a renewal of Europe. The a more divided world where trade and entrepreneurship and social international relations get restructured along The Benelux is the most globalized region competitiveness rankings show that Europe ideological lines? protection. and boasts the best infrastructure quality. has a lot to show for. Or will the pandemic remind us of the Too often this diversity in Europe is seen need for international cooperation and It is important to realize that our unique as divisive - by outsiders and sometimes Could it be that it only lacks self-confidence coordination? While it is too early to tell, European model is not to be taken for even by Europeans themselves. The same to become a true superpower? the next couple of years will prove critical. granted. In the meantime Covid might fuel a regional diversity however is seen in the possible divergence between models. Highly United States or China as well. Beijing is What is certain is that the race to fight climate indebted countries might see their recovery not the same as Xinjiang, just as Alabama change will definitely pick up speed. 2020 was hampered whereas highly competitive ones has a completely different profile than not only the year of the first global pandemic, might recover faster. This one of a kind model California or New York, or Maharashtra than it was also the hottest year on record since is not irreversible just like it is not guaranteed. West Bengal. Yet in Europe this diversity measurements began. 2021 seems to follow Rather the contrary: to maintain it, Europeans is usually seen as divisive, while for other the same path. More and more countries must continuously guard and actively protect power blocks it is seen as a strength. If this are gearing up for massive investments in our common values. In particular in times cleantech, renewable energy as well as a of increasing public debt, rising inequality, Competitiveness Report teaches us one wholesale reduction of their carbon emissions. protectionism and challenges like the climate thing it is that Europe is a strong and diverse transition, it is of utmost importance that continent. The same regional differences Whatever happens in the next couple Europeans tackle these together. and socio-economic differences exist here as of years and whatever turns events take, they do in other regions of the world. this competitiveness report will serve as a There is so much more that unites Europeans useful yardstick. Which economic model than there are things that divides them. Yet despite these different models, they will thrive? It might well be the case that a Whichever way you look at the rankings in this are not diametrically opposed. They are all country’s competitiveness proves decisive in report, Europe emerges as a unique spot in variations of the same European model. the recovery. More competitive economies the world. Free, prosperous, highly educated, What could this European model be? It might recover faster and with less permanent innovative and leading in a number of fields. It is a good balance between freedom and damage. Will countries with lower inequality is on these strengths that we together should the state. It is the combination of freedom fare better? How will we reduce covid-induced build to make our societies and economies inequality? Will the better educated countries stronger, better and more just. We hope this and prosperity. It is the symbiosis between cope better with the job displacement from competitiveness report helps you navigate the private enterprise and public policy. the pandemic and the lockdown? Will the very interesting and transformative years that environmentally strongest countries also lead are upon us. the race to fight against climate change? Will the most globalised countries suffer from well increased protectionism or will they perform in a world where international cooperation becomes more important again? Will the most free countries build back better - through the forces of creative destruction and free entrepreneurship? Competitiveness Or will less free countries recover - through top-down planning and centralized Report 2021 strategies? 20 21
Country by country summaries Competitiveness Report 2021
Germany Germany WHAT IS THE POSITION OF GERMANY IN MAJOR INTERNATIONAL RANKINGS? Traditionally, Germany holds a superior However, the level of students in secondary place in various rankings. It is to be found school is falling, which should widen the gap 2019/2020 2015/2016 in the top 10 of the global competitiveness between low-skilled workers and people with WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 4/193 4/193 → index and remains one of the most a higher degree over time. stable countries from political and social WORLD POPULATION 19/192 17/192 ↓ perspectives. Even though it should not lose When it comes to forward-looking attitudes, ECONOMIC GDP PER CAPITA 18/192 19/192 ↑ sight of economic freedom and the ease Germany is scoring quite well. With regard STRENGTH of doing business - two indicators in which to the environmental performance index Germany lost some ground. the country has moved up a stunning 20 positions. The outcome of the upcoming Further on, it consolidated its 4th place in the elections in September will also influence world economies rating, the top 4 of which Germany’s position in the world. Regardless GLOBALIZATION INDEX 6/191 27/186 ↑ remains completely unchanged since 2016. of who comes to power, the rest of Europe EASE OF DOING BUSINESS 22/190 15/189 ↓ Germany is also the world’s third exporter will look for climate and economic leadership INDEX OF ECONOMIC FREEDOM 29/184 17/186 ↓ behind the US and China. In accordance to Germany. Environmental leadership from with this, the country also appears in the top a big and open economy should be a boost GLOBAL COMPETITIVENESS INDEX 7/141 5/138 ↓ 10 of the globalization index with a remarkable for the EU’s climate ambition in the following BUSINESS INFRASTRUCTURE QUALITY 8/141 7/138 ↓ improvement of 21 places. Moreover Germany years and decades. ENVIRONMENT FORTUNE GLOBAL 500 5/192 5/192 → equally occupies an elevated 7th position in INTERNATIONAL TAX COMPETITIVENESS INDEX 15/36 21/35 ↑ the global competitiveness index. Germany is also holding on to its 3rd place in the masters in management index and German universities are classified as the 4th best in the world. HUMAN FREEDOM INDEX 9/162 10/157 ↑ DEMOCRACY INDEX 14/167 13/167 ↓ SOCIAL PROGRESS INDEX 11/159 10/159 ↓ GINI COEFFICIENT (NET INCOME) 17/103 14/106 ↓ GERMANY RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX POLITICAL & GLOBAL GENDER GAP 10/146 13/142 ↑ SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 11/179 16/165 ↑ RANKING PER CRITERIA CORRUPTION PERCEPTION INDEX 9/179 11/175 ↑ TOP PERFORMANCES LOWEST PERFORMANCES 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES 1 • Renewable energy regulation 113 • Complexity of tariffs PISA GLOBAL RANKING 19/77 14/70 ↓ ACADEMIC RANKING OF WORLD UNIVERSITIES 4/63 3/63 ↓ 1 • Environment-related treaties in force 111 • Terrorism incidence WORLD’S TOP MASTERS IN MANAGEMENT 3/192 3/192 → 1 • Mean years of schooling 102 • Flexibility of wage determination INDEX OF HUMAN DEVELOPMENT 6/189 3/188 ↓ 1 • Border clearance efficiency 100 • Redundancy costs ENVIRONMENTAL PERFORMANCE INDEX 10/180 30/178 ↑ 1 • Insolvency regulatory framework 99 • Labour tax rate EDUCATION & WORLD HAPPINESS REPORT 17/156 16/156 ↓ QUALITY OF LIFE 2 • Electricity access 97 • Conflict of interest regulation HEALTHIEST COUNTRY INDEX 23/169 16/163 ↓ 3 • Scientific publications 77 • Imports of goods and services GLOBAL CONSUMER CONFIDENCE 21/64 15/62 ↓ 4 • Research institutions prominence 72 • Cost of starting a business 2019 data - Published in October 2019 Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 24 25
France France WHAT IS THE POSITION OF FRANCE IN MAJOR INTERNATIONAL RANKINGS? Generally speaking France holds a high the environmental performance index. position in the business environment 2019/2020 2015/2016 rankings. France has moved up 6 positions France equally does well when it comes to WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 7/193 6/193 ↓ in the global competitiveness index and is higher education. The country leads the list now in 15th place overall. Its infrastructure of ‘top masters in management’ and their WORLD POPULATION 22/192 22/192 → is also of elevated quality, ranking France universities are among the top 10 in the ECONOMIC GDP PER CAPITA 23/192 24/192 ↑ 9th. It is therefore not surprising that France world. One area of improvement would be STRENGTH is the 4th biggest supplier of companies to to invest more in primary and secondary the Fortune Global 500 list. Conversely, it education, which is lagging behind. has made a decline of 5 places in the ease of doing business ranking and it should concentrate more on economic freedom. GLOBALIZATION INDEX 10/191 19/186 ↑ EASE OF DOING BUSINESS 32/190 27/189 ↓ France is the 6th or 7th largest economy in INDEX OF ECONOMIC FREEDOM 64/184 75/186 ↑ the world - depending on the exchange rate taken into account - and it is a very open one. GLOBAL COMPETITIVENESS INDEX 15/141 21/138 ↑ In the globalization index, France moves up 9 BUSINESS INFRASTRUCTURE QUALITY 9/141 8/138 ↓ positions and is in the global top 10. ENVIRONMENT FORTUNE GLOBAL 500 4/192 4/192 → In addition, the country advances 5 spots in INTERNATIONAL TAX COMPETITIVENESS INDEX 32/36 35/35 ↑ FRANCE RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX HUMAN FREEDOM INDEX 33/162 33/157 → DEMOCRACY INDEX 24/167 24/167 → RANKING PER CRITERIA SOCIAL PROGRESS INDEX 18/159 16/159 ↓ GINI COEFFICIENT (NET INCOME) 20/103 25/106 ↑ GLOBAL GENDER GAP 15/146 18/142 ↑ TOP PERFORMANCES LOWEST PERFORMANCES POLITICAL & 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 34/179 45/165 ↑ CORRUPTION PERCEPTION INDEX 23/179 23/175 → 2 • Fixed-broadband Internet subscriptions 141 • Labour tax rate 2 • Electricity access 121 • Terrorism incidence 3 • Research institutions prominence 113 • Complexity of trade tariffs 5 • Scientific publications 97 • Internal labour mobility PISA GLOBAL RANKING 26/77 26/70 → 6 • Healthy life expectancy 96 • Imports of goods and services ACADEMIC RANKING OF WORLD UNIVERSITIES 7/63 6/63 ↓ 7 • Environment-related treaties in force 92 • Cooperation in labour-employer relations WORLD’S TOP MASTERS IN MANAGEMENT 1/192 1/192 → 8 • Time to start a business 90 • Hiring and firing practices INDEX OF HUMAN DEVELOPMENT 26/189 25/188 ↓ 10 • Public budget transparency 86 • Mobile-cellular telephone subscriptions ENVIRONMENTAL PERFORMANCE INDEX 5/180 10/178 ↑ EDUCATION & WORLD HAPPINESS REPORT 23/156 32/156 ↑ 2019 data - Published in October 2019 QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 12/169 14/163 ↑ GLOBAL CONSUMER CONFIDENCE 46/64 53/62 ↑ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 26 27
United Kingdom United Kingdom WHAT IS THE POSITION OF UNITED KINGDOM IN MAJOR INTERNATIONAL RANKINGS ? When it comes to the business With a 4th place in the environmental environment, it is interesting to note that performance index, the UK can safely 2019/2020 2015/2016 the United Kingdom is frequently present claim to be a green leader. Also notable in WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 6/193 5/193 ↓ in the top 10. The country is already the 6th this year’s rankings is the UK’s advance to most represented country in the Fortune the 5th position in the Globalization Index. WORLD POPULATION 21/192 21/192 → Global 500. With an 8th place in the ease of Nonetheless it remains to be seen whether ECONOMIC GDP PER CAPITA 22/192 21/192 ↓ doing business ranking, a 7th place in the the UK will be able to hold on to this top spot STRENGTH economic freedom index and a 9th place in - in particular after Brexit sealed the UK’s the global competitiveness index, it is also withdrawal from the European Union. a great country to start a new business. The infrastructure quality however made a small decline, the UK should pay more GLOBALIZATION INDEX 5/191 20/186 ↑ attention to improve in this area. EASE OF DOING BUSINESS 8/190 6/189 ↓ INDEX OF ECONOMIC FREEDOM 7/184 10/186 ↑ This country holds the bronze medal in the worldwide ranking of universities. Meanwhile, GLOBAL COMPETITIVENESS INDEX 9/141 7/138 ↓ secondary schools have started to catch up. BUSINESS INFRASTRUCTURE QUALITY 21/141 9/138 ↓ It has moved up 9 places in the PISA ranking, ENVIRONMENT FORTUNE GLOBAL 500 6/192 6/192 → which puts them in 14th position. INTERNATIONAL TAX COMPETITIVENESS INDEX 22/36 16/35 ↓ THE UK RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX HUMAN FREEDOM INDEX 17/162 10/157 ↓ DEMOCRACY INDEX 16/167 16/167 → RANKING PER CRITERIA SOCIAL PROGRESS INDEX 20/159 18/159 ↓ GINI COEFFICIENT (NET INCOME) 32/103 43/106 ↑ GLOBAL GENDER GAP 21/146 20/142 ↓ TOP PERFORMANCES LOWEST PERFORMANCES POLITICAL & 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 35/179 38/165 ↑ CORRUPTION PERCEPTION INDEX 11/179 12/175 ↑ 1 • Cost of starting a business 125 • Terrorism incidence 2 • Electricity access 113 • Complexity of trade tariffs 2 • Scientific publications 104 • Imports of goods and services 2 • Renewable energy regulation 79 • Fibre internet subscriptions PISA GLOBAL RANKING 14/77 23/70 ↑ 5 • E-Participation 70 • Mobile-cellular telephone subscriptions ACADEMIC RANKING OF WORLD UNIVERSITIES 3/63 4/63 ↑ 5 • Research institutions prominence 70 • Organized crimes WORLD’S TOP MASTERS IN MANAGEMENT 2/192 2/192 → 6 • School life expectancy 61 • Government long-term vision INDEX OF HUMAN DEVELOPMENT 13/189 13/188 → 6 • Airport connectivity ENVIRONMENTAL PERFORMANCE INDEX 4/180 12/178 ↑ EDUCATION & WORLD HAPPINESS REPORT 13/156 23/156 ↑ 2019 data - Published in October 2019 QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 19/169 23/163 ↑ GLOBAL CONSUMER CONFIDENCE 19/64 14/62 ↓ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 28 29
Italy Italy WHAT IS THE POSITION OF ITALY IN MAJOR INTERNATIONAL RANKINGS? Given its recent weak track record in Italy stands out in different rankings. economic growth, it is encouraging that The country is present in the top 10 of both 2019/2020 2015/2016 Italy has moved up 14 positions in the the ranking of top universities worldwide WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 8/193 8/193 → competitiveness index, putting the country as well as in the master of management in 30th place overall. The same applies ranking. Furthermore it excels in terms of WORLD POPULATION 23/192 23/192 → for the index of economic freedom and overall health with a second place in the ECONOMIC GDP PER CAPITA 28/192 28/192 → its infrastructure quality. In both fields healthiest country index. STRENGTH progress has been made. Yet there is far more potential. The overall ease of For the moment Italy has a lower female doing business could equally see some employment rate than most European improvement. countries, which is indicated by their descent in the gender gap rating from position GLOBALIZATION INDEX 23/191 24/186 ↑ When we take a look at the perceived level 50 to 76. This country should invest more in EASE OF DOING BUSINESS 58/190 45/189 ↓ of corruption, Italy is near the bottom of the the presence of women in the workplace. INDEX OF ECONOMIC FREEDOM 68/184 86/186 ↑ European league table. Further efforts in improving this would be beneficial to the GLOBAL COMPETITIVENESS INDEX 30/141 44/138 ↑ country’s appeal. BUSINESS INFRASTRUCTURE QUALITY 18/141 26/138 ↑ ENVIRONMENT FORTUNE GLOBAL 500 15/192 11/192 ↓ INTERNATIONAL TAX COMPETITIVENESS INDEX 36/36 34/35 ↓ ITALY RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX RANKING PER CRITERIA HUMAN FREEDOM INDEX 31/162 31/157 → DEMOCRACY INDEX 29/167 21/167 ↓ TOP PERFORMANCES LOWEST PERFORMANCES SOCIAL PROGRESS INDEX 23/159 26/159 ↑ 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES GINI COEFFICIENT (NET INCOME) 36/103 33/106 ↓ POLITICAL & GLOBAL GENDER GAP 76/146 50/142 ↓ 1 • Energy efficiency regulation 139 • Diversity of workforce SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 41/179 77/165 ↑ 1 • State of cluster development 138 • Burden of government regulation CORRUPTION PERCEPTION INDEX 52/179 60/175 ↑ 2 • Electricity access 135 • Flexibility of wage determination 3 • Extent of market dominance 132 • Efficiency of legal framework in settling disputes 5 • Workers’ rights 130 • Government long-term vision 5 • Healthy life expectancy 130 • Pay and productivity PISA GLOBAL RANKING 34/77 33/70 ↓ 6 • Renewable energy regulation 130 • Labour tax rate ACADEMIC RANKING OF WORLD UNIVERSITIES 7/63 7/63 → 7 • Scientific publications WORLD’S TOP MASTERS IN MANAGEMENT 6/192 6/192 → 127 • Hiring and firing practices INDEX OF HUMAN DEVELOPMENT 30/189 28/188 ↓ 2019 data - Published in October 2019 ENVIRONMENTAL PERFORMANCE INDEX 20/180 29/178 ↑ EDUCATION & WORLD HAPPINESS REPORT 30/156 50/156 ↑ QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 2/169 1/163 ↓ GLOBAL CONSUMER CONFIDENCE 60/64 58/62 ↓ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 30 31
Spain Spain WHAT IS THE POSITION OF SPAIN IN MAJOR INTERNATIONAL RANKINGS? When looking at the business For a European country, the country is also environment, it is the infrastructure quality relatively unequal - it occupies the 43rd 2019/2020 2015/2016 of Spain that stands out. With a 7th position position in the Gini coefficient ranking. WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 13/193 14/193 ↑ in the rankings, the infrastructure can be assessed as very advanced. It also rose 9 However, when it comes to inequality WORLD POPULATION 30/192 29/192 ↓ places in the global competitiveness index. between men and women, Spain is ECONOMIC GDP PER CAPITA 32/192 32/192 → Hopefully Spain can keep up this trend improving. In fact, the country rose sharply in STRENGTH and extend it to the other rankings, such the global gender gap index, coming in at 8th as ease of doing business and economic place. Moreover, several Spanish universities freedom. Both rankings have improved, continue to be of top-quality. In terms of but for Spain to be truly competitive there health, Spain is beyond comparison, claiming is still a road ahead. the gold medal as the ‘healthiest country’ in GLOBALIZATION INDEX 17/191 15/186 ↓ the world. EASE OF DOING BUSINESS 30/190 33/189 ↑ On the other hand, Spain, like a number of INDEX OF ECONOMIC FREEDOM 39/184 43/186 ↑ southern European countries, will depend heavily on the rebound of tourism after the GLOBAL COMPETITIVENESS INDEX 23/141 32/138 ↑ pandemic, which can be jeopardized by a BUSINESS INFRASTRUCTURE QUALITY 7/141 10/138 ↑ weak consumer confidence. Especially that ENVIRONMENT FORTUNE GLOBAL 500 12/192 12/192 → the country now ranks 36th in terms of global INTERNATIONAL TAX COMPETITIVENESS INDEX 27/36 28/35 ↑ consumer confidence. SPAIN RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX HUMAN FREEDOM INDEX 29/162 30/157 ↑ DEMOCRACY INDEX 22/167 17/167 ↓ RANKING PER CRITERIA SOCIAL PROGRESS INDEX 19/159 19/159 → GINI COEFFICIENT (NET INCOME) 43/103 40/106 ↓ GLOBAL GENDER GAP 8/146 29/142 ↑ TOP PERFORMANCES LOWEST PERFORMANCES POLITICAL & 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 29/179 34/165 ↑ CORRUPTION PERCEPTION INDEX 32/179 41/175 ↑ 1 • Road connectivity 133 • Labour tax rate 2 • Electricity access 121 • Government long-term vision 3 • Healthy life expectancy 116 • Hiring and firing practices 5 • E-Participation 114 • Burden of government regulation PISA GLOBAL RANKING n.a./77 29/70 n.a. 6 • Research institutions prominence 113 • Complexity of trade tariffs ACADEMIC RANKING OF WORLD UNIVERSITIES 9/63 9/63 → 7 • Environment-related treaties in force 104 • Banks’ regulatory capital ratio WORLD’S TOP MASTERS IN MANAGEMENT 4/192 4/192 → 8 • Airport connectivity 100 • Terrorism incidence INDEX OF HUMAN DEVELOPMENT 25/189 24/188 ↓ 9 • Efficiency of train services 98 • Attitudes towards entrepreneurial risk ENVIRONMENTAL PERFORMANCE INDEX 14/180 6/178 ↓ EDUCATION & WORLD HAPPINESS REPORT 28/156 37/156 ↑ 2019 data - Published in October 2019 QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 1/169 6/163 ↑ GLOBAL CONSUMER CONFIDENCE 36/64 31/62 ↓ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 32 33
Poland Poland WHAT IS THE POSITION OF POLAND IN MAJOR INTERNATIONAL RANKINGS? Looking at Poland’s current business Another positive trend can be seen in the environment, the country slightly global consumer confidence index, where 2019/2020 2015/2016 regressed in this year’s report. When it Poland has moved up to the 14th place WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 22/193 25/193 ↑ comes to the ease of doing business, the worldwide. Education has equally improved country has also fallen in the rankings. The further - Poland moves from the 19th to the WORLD POPULATION 39/192 35/192 ↓ same applies for the economic freedom 11th position in the PISA global ranking. ECONOMIC GDP PER CAPITA 58/192 60/192 ↑ ranking and the global competitiveness STRENGTH ranking. Although the fall is a small one, Progress towards greater equality would it should nevertheless be an appeal to be welcome. When it comes to income improve its position. On the positive inequality and the global gender gap, Poland side, a remarkable rise of 31 places in the fell in the rankings relative to the last report. infrastructure quality index immediately GLOBALIZATION INDEX 33/191 23/186 ↓ stands out. EASE OF DOING BUSINESS 40/190 25/189 ↓ INDEX OF ECONOMIC FREEDOM 41/184 39/186 ↓ Poland is doing well in the field of education, both in secondary and higher education. GLOBAL COMPETITIVENESS INDEX 37/141 36/138 ↓ Within the “top masters in management BUSINESS INFRASTRUCTURE QUALITY 25/141 56/138 ↑ ranking” the country is ranked 8th worldwide. ENVIRONMENT FORTUNE GLOBAL 500 29/192 29/192 → INTERNATIONAL TAX COMPETITIVENESS INDEX 34/36 29/35 ↓ POLAND RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX HUMAN FREEDOM INDEX 45/162 29/157 ↓ RANKING PER CRITERIA DEMOCRACY INDEX 50/167 52/167 ↑ SOCIAL PROGRESS INDEX 31/159 27/159 ↓ TOP PERFORMANCES LOWEST PERFORMANCES GINI COEFFICIENT (NET INCOME) 28/103 21/106 ↓ 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES POLITICAL & GLOBAL GENDER GAP 40/146 38/142 ↓ SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 62/179 47/165 ↓ 2 • Electricity access 131 • Diversity of workforce CORRUPTION PERCEPTION INDEX 45/179 30/175 ↓ 3 • Mobile-broadband subscriptions 127 • Time to start a business 9 • Insolvency regulatory framework 127 • Internal labour mobility 13 • Railroad density 123 • Government ensuring policy stability 13 • Pupil-to-teacher ratio in primary education 121 • Efficiency of legal framework in challenging regulations PISA GLOBAL RANKING 11/77 19/70 ↑ 18 • Research institutions prominence 118 • Judicial independence ACADEMIC RANKING OF WORLD UNIVERSITIES 18/63 17/63 ↓ 23 • Liner shipping connectivity 118 • Ease of hiring foreign labour WORLD’S TOP MASTERS IN MANAGEMENT 8/192 6/192 ↓ 24 • Mean years of school 116 • Multi-stakeholder collaboration INDEX OF HUMAN DEVELOPMENT 35/189 33/188 ↓ ENVIRONMENTAL PERFORMANCE INDEX 37/180 38/178 ↑ 2019 data - Published in October 2019 EDUCATION & WORLD HAPPINESS REPORT 43/156 57/156 ↑ QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 40/169 39/163 ↓ GLOBAL CONSUMER CONFIDENCE 14/64 28/62 ↑ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 34 35
The Netherlands The Netherlands WHAT IS THE POSITION OF THE NETHERLANDS IN MAJOR INTERNATIONAL RANKINGS? The Netherlands can claim elevated The Netherlands are equally a very forward- positions in a number of rankings looking country - the environment is 2019/2020 2015/2016 - whether it comes to global very important in Dutch politics and WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 17/193 18/193 ↑ competitiveness, economic freedom or policymaking. This is highlighted by their infrastructure quality. Compared to the position in the environmental performance WORLD POPULATION 67/192 64/192 ↓ previous report, it became less convenient index. Since the last edition of this report ECONOMIC GDP PER CAPITA 12/192 13/192 ↑ to do business in the Netherlands. the country moved up 25 positions in this STRENGTH ranking. Yet, its present business climate and its supreme position in the press freedom There is room for improvement when it index show why the Netherlands are often comes to the equality between men and regarded as a model for an open, democratic women. The Netherlands fell from position 16 GLOBALIZATION INDEX 2/191 1/186 ↓ and innovative country. It is no wonder that to number 38. EASE OF DOING BUSINESS 42/190 28/189 ↓ The Netherlands heads up the globalization INDEX OF ECONOMIC FREEDOM 16/184 16/186 → index together with Switzerland - this other successful open economy. GLOBAL COMPETITIVENESS INDEX 4/141 4/138 → BUSINESS INFRASTRUCTURE QUALITY 2/141 3/138 ↑ ENVIRONMENT FORTUNE GLOBAL 500 10/192 9/192 ↓ INTERNATIONAL TAX COMPETITIVENESS INDEX 17/36 6/35 ↓ THE NETHERLANDS RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX RANKING PER CRITERIA HUMAN FREEDOM INDEX 14/162 15/157 ↑ DEMOCRACY INDEX 9/167 12/167 ↑ TOP PERFORMANCES LOWEST PERFORMANCES SOCIAL PROGRESS INDEX 10/159 6/159 ↓ 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES GINI COEFFICIENT (NET INCOME) 11/103 8/106 ↓ POLITICAL & GLOBAL GENDER GAP 38/146 16/142 ↓ 1 • Quality of land administration 128 • Flexibility of wage determination SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 5/179 2/165 ↓ 1 • Environment-related treaties in force 113 • Complexity of tariffs CORRUPTION PERCEPTION INDEX 8/179 8/175 → 1 • Exposure to unsafe drinking water 106 • Conflict of interest regulation 2 • Efficiency of seaport services 89 • Labour tax rate 2 • Reliance on professional management 73 • Terrorism incidence 2 • Quality of road infrastructure 72 • Internal labour mobility PISA GLOBAL RANKING 16/77 13/70 ↓ 2 • Electricity access 71 • Redundancy costs ACADEMIC RANKING OF WORLD UNIVERSITIES 10/63 9/63 ↓ 3 • Critical thinking in teaching 63 • Mobile-cellular telephone subscriptions WORLD’S TOP MASTERS IN MANAGEMENT 4/192 3/192 ↓ 2019 data - Published in October 2019 INDEX OF HUMAN DEVELOPMENT 9/189 8/188 ↓ ENVIRONMENTAL PERFORMANCE INDEX 11/180 36/178 ↑ EDUCATION & WORLD HAPPINESS REPORT 6/156 7/156 ↑ QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 15/169 13/163 ↓ GLOBAL CONSUMER CONFIDENCE 11/64 18/62 ↑ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 36 37
Belgium Belgium WHAT IS THE POSITION OF BELGIUM IN MAJOR INTERNATIONAL RANKINGS? Within the ease of doing business index, globalization index. Belgium ranks quite poorly compared 2019/2020 2015/2016 to its European peers - occupying the It is also quite equal and Belgium is ranked in WORLD LARGEST ECONOMIES (GDP IN CURRENT US$) 26/193 24/193 ↓ 46th position. Its complex network of position 7 when it comes to income equality. procedures makes it harder for new In the world ranking for press freedom, it WORLD POPULATION 79/192 76/192 ↓ foreign businesses to operate locally. In even moves up one place. This confirms ECONOMIC GDP PER CAPITA 20/192 20/192 → addition, it also regressed in the global Belgium’s position as a democratic hub, STRENGTH competitiveness index. This country centrally located in northwestern Europe. has already invested in improving its infrastructure quality and its economic Despite its small scale, Belgium can boast freedom, as is clear from the rankings. of quality education. Whether it comes to Still, a more business friendly environment the academic ranking of world universities GLOBALIZATION INDEX 6/191 6/186 → would help increase Belgium’s appeal to Belgium scores relatively well. EASE OF DOING BUSINESS 46/190 43/189 ↓ foreign investors and local businesses INDEX OF ECONOMIC FREEDOM 37/184 44/186 ↑ alike. GLOBAL COMPETITIVENESS INDEX 22/141 17/138 ↓ Belgium is a small and open economy BUSINESS INFRASTRUCTURE QUALITY 14/141 21/138 ↑ that is exceedingly integrated globally. The ENVIRONMENT FORTUNE GLOBAL 500 21/192 21/192 → country therefore ranks very favorably in the INTERNATIONAL TAX COMPETITIVENESS INDEX 19/36 26/35 - BELGIUM RANKING PER CRITERIA - GLOBAL COMPETITIVENESS INDEX HUMAN FREEDOM INDEX 25/162 21/157 ↓ DEMOCRACY INDEX 36/167 35/167 ↓ RANKING PER CRITERIA SOCIAL PROGRESS INDEX 16/159 16/159 → GINI COEFFICIENT (NET INCOME) 7/103 7/106 → TOP PERFORMANCES LOWEST PERFORMANCES 2019 OUT OF 141 COUNTRIES 2019 OUT OF 141 COUNTRIES POLITICAL & GLOBAL GENDER GAP 27/146 24/142 ↓ SOCIAL STABILITY WORLD PRESS FREEDOM INDEX 12/179 13/165 ↑ 2 • School life expectancy 140 • Labour tax rate CORRUPTION PERCEPTION INDEX 15/179 16/175 - 2 • Electricity access 115 • Hiring and firing practices 4 • Railroad density 113 • Complexity of trade tariffs 4 • Insolvency recovery rate 110 • Internal labour mobility 7 • Imports of goods and services 108 • Flexibility of wage determination PISA GLOBAL RANKING 20/77 20/70 → 7 • Intellectual property protection 105 • Terrorism incidence ACADEMIC RANKING OF WORLD UNIVERSITIES 13/63 12/63 ↓ 8 • International co-inventions 97 • Attitudes towards entrepreneurial risk WORLD’S TOP MASTERS IN MANAGEMENT n.a. n.a. n.a. INDEX OF HUMAN DEVELOPMENT 14/189 14/188 → 9 • Freedom of the press 94 • Burden of government regulations ENVIRONMENTAL PERFORMANCE INDEX 15/180 41/178 ↑ 2019 data - Published in October 2019 EDUCATION & WORLD HAPPINESS REPORT 20/156 18/156 ↓ QUALITY OF LIFE HEALTHIEST COUNTRY INDEX 28/169 26/163 ↓ GLOBAL CONSUMER CONFIDENCE 29/64 27/62 ↓ Competitiveness Report 2021 Source: Global Competitiveness Index 2019, World Economic Forum, Switzerland, 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 38 39
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