Australia has been ranked 19th out of 64 countries in a recent global ranking of national competitiveness.
The International Institute for Management Development (IMD)’s World Competitiveness Yearbook 2023 has found that Australia’s low productivity, lack of entrepreneurial capacity, and cyber-attacks have taken their toll on its ranking.
The IMD World Competitiveness Yearbook, first published in 1989, provides benchmarking and trends, as well as statistics and survey data based on extensive research. It analyzes and ranks countries according to how they manage their competencies to achieve long-term value creation.
The Global Competitiveness Index measures a country’s four main indices—economic performance, government efficiency, business efficiency, and infrastructure….