by Habibe ACIK

The Global Competitiveness Report 2016-2017, by World Economic Forum, provides insight into the drivers of productivity and prosperity of 138 economies world wide, with Switzerland, Singapore and the United States as the world’s most competitive economies.

Growth fueled by ever rising population, demographics favoring work force eligibility for the last 50 years is coming to an end. For an optimistic outlook, McKinsey Global Institute is expecting productivity to be gained in emerging markets to be the source for the next 50 years. While GDP growth is expected to drop significantly in developed and emerging markets alike, reducing poverty in developing countries, and delivering social commitments in developed countries seem to be the biggest challenge to attain the productivity goals.