Methodology and principles of analysis – What is the IMD competitiveness yearbook? – The IMD World Competitiveness Yearbook (WCY).
“The IMD World Competitiveness Yearbook (WCY) is the world’s most thorough and comprehensive annual report on the competitiveness of nations, published without interruption since 1989. It is considered to be the first access point to world competitiveness, providing objective benchmarking and trends, as well as a worldwide reference point to statistics and opinion data that highlight the competitiveness of key economies. The WCY analyzes and ranks how nations and enterprises manage the totality of their competencies to achieve increased prosperity. An economy’s competitiveness cannot be reduced only to GDP and productivity because enterprises must also cope with political, social and cultural dimensions. Therefore nations need to provide an environment that has the most efficient structure, institutions and policies that encourage the competitiveness of enterprises…”
