New Zealand business scores high on global competitiveness survey

Photo credit; Michael Button

Photo credit; Michael Button

New Zealand has been ranked 17th in the first edition of the Global Talent Competitiveness Index.

However, the country ranked No. 1 in the survey’s Business Landscape category, which included areas such as labour market flexibility, and it ranked third highest for regulatory landscape and second highest for political stability. And while New Zealand also ranked highly in the Internal Openess category, which includes tolerance of immigrants, minorities, social mobility and prevalence of female professionals — placing fourth — it ranked poorly in the External Openess category, which covers brain gain and qualified labour inflow.

The index, launched last month by international business school, INSEAD, is based on research in partnership with the Human Capital Leadership Institute of Singapore and US-based recruiting company, Adecco. INSEAD said the index, which measures a nation’s competitiveness based on the quality of talent it can produce, attract and retain, placed Switzerland at the top of the ranking, followed by Singapore and Denmark in second and third place, respectively.

The index model covers 103 countries, representing 86.3 per cent of the world’s population and 96.7 per cent of the globe’s gross domestic product.

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