IMD World Digital Competitiveness Ranking 2020
Figure 5: Digital competitiveness ranking 2020 Bottom 10 Overall Rank
Future Readiness
Knowledge Technology
54 Mexico
52
56
52
55 Peru
55
58
55
56 Indonesia
63
54
48
57 Philippines
62
53
54
58 Ukraine
38
59
61
59 Argentina
50
62
47
60 South Africa
60
55
57
61 Colombia
59
61
50
62 Mongolia
58
60
59
63 Venezuela
61
63
63
Despite strong advancements in business agility, Colombia drops from 58 th place to 61 st . The decline originates largely in a downturn in the technological framework and adaptive attitudes sub-factors. In addition, Colombia experiences stagnation in several other aspects including talent, training and education, regulatory framework and capital.
Ukraine improves, moving up two spots from 60 th to 58 th , which is driven by gains in talent, particularly in the availability of digital/technological skills (40 th to 27 th ), e-participation (53 rd to 39 th ) and agility of companies (47 th to 33 rd ). Argentina remains in the 59 th spot. It experiences some improvements in the future readiness factor, especially in adaptive attitudes (57 th to 49 th ) and business agility (48 th to 39 th ). However, Argentina declines in talent (51 st to 56 th ), scientific concentration (50 th to 55 th ), regulatory framework (49 th to 57 th ) and capital (51 st to 62 nd ). As discussed previously, South Africa ranks 60 th (down from 48 th ) which represents the largest decline in this year’s overall digital competitiveness ranking.
Mongolia remains in the 62 nd place and Venezuela in the 63 rd of the overall digital competitiveness ranking.
Concluding Remarks
The Digital technologies remain at the core of strengthening the competitiveness of an economy. In particular, the role of knowledge generation and talent development in combination with effective regulation and infrastructure, continue to drive digital competitiveness.
Furthermore, the flexibility and adaptability of not only enterprises but of individuals sustain the digital progress of countries. This is particularly so in the current pandemic context in which flexibility and adaptability to upcoming digital technologies will enable societies to overcome the crisis.
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IMD WORLD DIGITAL COMPETITIVENESS RANKING 2020
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