IMD World Competitiveness Booklet 2021

Figure 2. Measures adopted under pandemic conditions

Under the current pandemic, your company has successfully Repurposed current technologies Adopted new technologies Facilitated the staff’s redeploymentof their existing skills Enabled employees to train according to technological changes None of the above

60%

50%

40%

30%

% of respondents (multipleanswers)

20%

10%

0%

Switzerland

Sweden

Denmark

Netherlands

Singapore

the struggling of some enterprises to remain in business. Loans and rents that needed to be paid, as well as wages and payments for intermediary goods may not have been available. Economies that had a long history of a strong welfare state were not the only ones who succeeded in navigating

in this turbulence. Other economies introduced at once sizeable benefits to alleviate the challenges that individuals and businesses faced. This is measured by the Government Efficiency factor in which Hong Kong SAR, Switzerland, the UAE, Norway and Singapore dominate the highest positions in the ranking.

Figure 3. Trends in average overall competitiveness by region 2017-2021

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IMD WORLD COMPETITIVENESS BOOKLET 2021