Moving up the ranks of global competitiveness

Moving up the ranks of global competitiveness

Mark Mobius, manager of the Templeton Emerging Markets investment trust, compares the prospects for China and Indonesia following the release of the Global Competitiveness Report this month.

The World Economic Forum (WEF) recently released its annual Global Competitiveness Report, which details the strengths and weaknesses of 144 countries in a myriad of factors. There are not many huge surprises in the developed markets, as most countries’ overall rankings were fairly stable.  There were, however, a few interesting shifts in the ranks among emerging markets: some making leaps forward, and others regressing. The emerging markets of Indonesia, China, and Russia, for example, moved up in the global competitiveness ranks, while on the flip side, Brazil, Turkey, South Africa ...