According to reports released yesterday by the World Economic Forum, Australia’s ranking in global competitiveness has improved over the last year.
The World Economic Forum’s (WEF) Global Competitiveness Index for 2009-2010 contains a detailed profile for each of the 133 economies featured in the study, providing a comprehensive summary of the overall position in the rankings as well as the most prominent competitive advantages and disadvantages of each country/economy based on the analysis used in computing the rankings. It makes for some interesting reading (well, if you enjoy that kind of thing).
Competitiveness indicators looked at in the survey included a country’s business sophistication, education and training, financial market sophistication, infrastructure, innovation, labour market efficiency, market size, and technological readiness.
Respondents were also asked to select the five most problematic factors for doing business in their country. Aussie businesses indicated restrictive labor regulations as the number one issue, followed by access to financing, tax rates, tax regulations and inefficient government bureaucracy. It’s worth noting that Switzerland topped the overall ranking in the Global Competitiveness Report and shares 4 out of 5 of these concerns with Australia.
You can download the full report at the WEF website or just check out the rankings.
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=abf8089a-980b-47e4-a0c7-6a8889cbb3d9)
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 799 awesome articles for us at Alan Lewis Accountants – BLOG
Twitter: @christielewis
{ 1 comment… read it below or add one }
I really enjoyed reading your articles. very nice indeed. I found your blog quite by chance using our old friend Big ‘G’ whilst looking for something related. Anyhow, enough of the gassing, Nice Site, Good info, I’ll definately be back for another look. Please also visit my blog when you have a few moments to spare.