The 12 pillars of competitiveness

The World Economic Forum define competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country.

I Choosed...

Because in my

opinion...

This Pillar contributes to the competitive of companies when Institutions are well-aligned, because they can:

The activity that I would formulate so that from the management of the SME contributed to the improvement of the performance of Colombia against the First pillar: Institutions, would include in the welfare programs of the organization periodic training on the culture of the public, social responsibility Business, and the duty that, as citizens, whether employed in the public or private sector, we must have to with the development of our country.

The information on this presentation was taken from the World Economic Forum website.

Thank you for your attention

Jennifer A. Gutiérrez S.

They can do policies that work

for us.

First

Pillar: Institutions

They can better access to public services

The payment of taxes can better the ways and environments near to company.

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Fourth pillar: Health and primary education

They can stimulate investment.

Third pillar: Macroeconomic environment

A healthy workforce is vital to a country’s competitiveness and productivity. Workers who are ill cannot function to their potential and will be less productive. Poor health leads to significant costs to business, as sick workers are often absent or operate at lower levels of efficiency.

Fifth pillar: Higher education and training

The stability of the macroeconomic environment is important for business and, therefore, is significant for the overall competitiveness of a country.

Strategy for support the First Pillar: Institutions

Second pillar: Infrastructure

Quality higher education and training is crucial for economies that want to move up the value chain beyond simple production processes and products.

Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy, as it is an important factor in determining the location of economic activity and the kinds of activities or sectors that can develop within a country.

Sixth pillar: Goods market efficiency

First pillar: Institutions

Countries with efficient goods markets are well positioned to produce the right mix of products and services given their particular supply-and-demand conditions, as well as to ensure that these goods can be most effectively traded in the economy.

The institutional environment is determined by the legal and administrative framework within which individuals, firms, and governments interact to generate wealth.

Seventh pillar: Labor market efficiency

The components are grouped

into:

The efficiency and flexibility of the labor market are critical for ensuring that workers are allocated to their most effective use in the economy and provided with incentives to give their best effort in their jobs.

pillars of competitiveness

12

Eighth pillar: Financial market development

The financial and economic crisis has highlighted the central role of a sound and well-functioning financial sector for economic activities. An efficient financial sector allocates the resources saved by a nation’s citizens, as well as those entering the economy from abroad, to their most productive uses.

Specialist in Public Management and Fiscal Control

Ninth pillar: Technological readiness

The technological readiness pillar measures the agility with which an economy adopts existing technologies to enhance the productivity of its industries, with specific emphasis on its capacity to fully leverage information and communication technologies (ICTs) in daily activities and production processes for increased efficiency and enabling innovation for competitiveness.

Tenth pillar: Market size

The 12 pillars of competitiveness

Traditionally, the markets available to firms have been constrained by national borders. In the era of globalization, international markets have become a substitute for domestic markets, especially for small countries. Vast empirical evidence shows that trade openness is positively associated with growth.

Eleventh pillar: Business sophistication

Twelfth pillar: Innovation

Innovation can emerge from new technological and non-technological knowledge. Non-technological innovations are closely related to the know-how, skills, and working conditions that are embedded in organizations and are therefore largely covered by the eleventh pillar of the GCI.

Notice:

The level of productivity, in turn, sets the level of prosperity that can be reached by an economy.