Passing Australia in world competitiveness rankings

Australia’s economy is tanking as they head into the election this weekend.

New figures show that our economy is now performing better than Australia, especially in competitiveness.

New Zealand has outperformed Australia on the latest Global Competitiveness Index for the first time, the World Economic Forum (WEF) says.

New Zealand has climbed five places to 18th, while Australia has slipped one place to drop out of the top 20 for the first time with a ranking of 21st.

The Global Competitiveness Report  is compiled from 111 indicators, categorised into 12 pillars of competitiveness in four main sub-indices: basic requirements, efficiency enhancers, and innovation and sophistication factors. 

The world rankings for the first four countries were unchanged (see table) with Switzerland – home of the WEF –ranking top for a fifth year running.

Germany, the US, Hong Kong and Japan improved their rankings the top 10 while Sweden, the Netherlands and the UK fell.

The WEF says excellent innovation and strong institutional environments are becoming increasingly important in influencing a country’s competitiveness.

This won’t make the nay-sayers in the Labour party happy in any way.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.