Economy

Jan 25, 2018

Introducing the Crikey Economic Competitiveness Index Index

To celebrate the World Economic Forum meeting in Switzerland this week, Crikey compares economic competitiveness indices from around the globe.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

Back in the 1970s, Klaus Schwab, the German-born economist who started the "World Economic Forum" (originally called the "European Management Forum") in Switzerland, had a brilliant idea: use the views of business executives as a supposedly infallible guide to the performance of economies. Thus was born the "World Competitiveness Index", whereby a handful of business executives in each country are quizzed for their views on government spending, industrial relations laws and regulation. 

The Index, and the hushed reverence with which it is treated in most media outlets around the world, was crucial to elevating the World Economic Forum and its annual meeting in Switzerland to the status of one of the key gathering of policymakers, corporate heavyweights and celebrities. This week, Our Cate, Elton John, Bollywood legend Shah Rukh Khan and Will.I.Am have all graced the WEF gathering.

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2 comments

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2 thoughts on “Introducing the Crikey Economic Competitiveness Index Index

  1. CML

    Sounds like a load of crap, Bernard…why don’t we all just ignore these drongos!

  2. AR

    Is this one of those times when Pobjie has snuck his copy in the Crikey maw using BK’s sign-on?
    Seriously, these people are fed?

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