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Wednesday, 22 July 2015

How Does Australia Stack Up?

The World Economic Forum has released its 2014-2015 Global Competitiveness Report, examining the economic performance of 144 economies across 12 key pillars. Its a comprehensive report that allows easy comparison across countries.

Overall Australia ranks 22nd out of the 144 economies surveyed for global competitiveness, and there is a nice graphic of Australia's performance against each of the 12 pillars at: http://bit.ly/Adapt1HHELZa

A lot of the information will be thought provoking for business managers and policy makers, giving a starting point for improvement initiatives. An example is the Innovation pillar with Australia ranked 25th, and the results for each of the 7 sub-categories showing a lack of consistency with a range of results. http://bit.ly/Adapt10vGHXe

• 12.01 Capacity for innovation (27)
• 12.02 Quality of scientific research institutions (9)
• 12.03 Company spending on R&D (39)
• 12.04 University - Industry collaboration (21)
• 12.05 Government procurement of advanced technology products (73)
• 12.06 Availability of scientists (27)
• 12.07 PCT patent applications (21)

The 2014-2015 Global Competitiveness Report can be found at: http://bit.ly/Adapt1ROxajy
or as a pdf  http://bit.ly/Adapt1TP1EPZ