Competitiveness

Edited By Ali Musa Axadle Times International–Monitoring. In a world where the pulse of economies sets the pace for global progress, the IMD World Competitiveness Ranking illuminates the forefront contenders. Currently, the global economic stage is dominated by several nations renowned for their robust competitiveness. Yet, what exactly makes an economy competitive on the world stage? Is it solely about GDP numbers, or is there more beneath the surface? The most competitive economies in the world are distinguished by…

The European Union (EU) is feeling a renewed sense of urgency regarding its competitiveness, particularly in light of Donald Trump’s election victory. According to Mario Draghi, the former head of the European Central Bank, concerns are growing that the EU may struggle to keep pace with major players like the United States and China. Before his election, Trump made it clear that the EU would face severe consequences for not purchasing enough American goods—specifically, he threatened tariffs as high as 10% on all imports…