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In 2012, Australia slipped six places to 15 in world competitiveness rankings with significant drops in the labour market and international trade competitiveness rankings. Released May 2012.
Key factors in Australia's poor ranking for labour market competitiveness included the high Australian dollar, skills shortages and the re-emergence of industrial relations as a key national issue, with a number of high profile disputes.
The World Competitiveness Yearbook survey has over 300 individual criteria rankings grouped into four competitiveness factors:
2012 World Competitiveness Yearbook is produced by the Switzerland based IMD World Competitiveness Center with the help of CEDA in Australia and other international partners.
The IMD World Competitiveness Yearbook compares and ranks 59 countries on business competiveness criteria and is the world's most renowned and comprehensive annual report on the competitiveness of nations.
As part of our Economic Recovery series, CEDA is examines the implications for Australia’s security of supply for goods now and into the future and outlining how Australia should respond to emerging trends, including implications for trade and industry policy.
Read more International affairs May 29, 2016Australia has dropped out of the top 20 most competitive nations, falling to 21 according to the 2017 World Competitiveness survey results. However, it has fared better in a special digital competitiveness ranking coming in at 15.
Read more International affairs May 26, 2015Australia has dropped another place in world competitiveness rankings, falling further in economic performance and government efficiency rankings, raising concerns about our competitiveness as a smart economy.
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