How we compare in global competitiveness rankings

Article Excerpt

Canada ranked 15th among 64 countries in the IMD’s most recent World Competitiveness ratings. Denmark ranked first, Ireland, second, and Switzerland, third. The U.S. ranked in the 9th position. Canada scored relatively well in the main categories of economic performance (9th), and Infrastructure (11th). Below-average rankings were recorded in the categories of Government Efficiency (16th) and Business Efficiency (17th). The INSEAD Business School also publishes an annual Global Talent Competitiveness ranking, where the ability of a country to train and attract skilled workers is measured. Canada ranked 15th among 133 countries in the 2022 survey. The country is one of the top 10 performers for growing talent, which is mainly a result of the quality of its formal and non-formal education system. The country also does well in attracting talent, where its multicultural society contributes to a high level of openness towards foreign workers as well as minorities and immigrants. At the same time, though, vocational and technical skills training are considered…