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Lebanon ranks 13th in North Africa and West Asia in terms of talent competitiveness

BEIRUT |, with agencies - February 01, 2016, 08h50

INSEAD's Global Talent Competitiveness Index (GTCI) for 2015-16 ranked Lebanon in 77th place among 109 countries around the world and in 13th place among 16 countries in the North Africa & West Asia (NAWA) region, Lebanon This Week reported. Byblos Bank's economical publication also stressed that Lebanon came in 25th place among 31 upper middle-income countries (UMICs) included in the 2015-16 survey.

Lebanon's global rank regressed by 13 spots from the 2014 survey based on the same set of countries in both surveys, constituting the steepest decline globally.

The GTCI measures a country's ability to attract, develop and retain talent. It assesses the steps and decisions that countries take to develop and acquire talented individuals, as well as a country's ability to provide the set of skills required to have a productive, innovative and competitive economy. The GTCI is a composite of six pillars grouped in two sub-indices that are the Talent Competitiveness Input Sub-Index and the Talent Competitiveness Output Sub-Index. A country's score is the simple average of its scores on the six pillars, with a higher score reflecting a better performance in terms of talent competitiveness.

The countries included in the GTCI represent 83.8% of the world's population and 96.2% of global GDP.

Globally, Lebanon's talent competitiveness was higher than that of Ecuador, Namibia and Kyrgyzstan, and lower than the talent competitiveness of Peru, Guatemala and the Dominican Republic. Lebanon ranked ahead of only Ecuador, Namibia, Albania, Paraguay, Iran and Algeria among UMICs, while it came ahead of only Egypt, Morocco and Algeria in the NAWA region. Lebanon received a score of 38.74 points, down by 5.8% from 41.13 points in the 2014 survey and constituting the second steepest drop globally, behind Madagascar (-8%). Lebanon's score was lower than the global average score of 46.4 points, the UMIC's average score of 44 points, the NAWA region's average score of 41.93 points and the Arab region’s average score of 42.6 points.

Lebanon ranked ahead of Paraguay, Morocco and Indonesia, and came behind Kenya, Vietnam and Tunisia on the Talent Competitiveness Input Sub-Index. This category covers the policies, resources and efforts that a country can use to promote its talent competitiveness. It includes four pillars that reflect how much the political and economic environment supports a favorable climate for talent to develop and thrive. It also focuses on what countries are doing to attract, grow and retain talented individuals. Lebanon ranked ahead of only Paraguay, Iran and Algeria among UMICs. Regionally, it ranked ahead of Morocco, Egypt and Algeria.

Also, Lebanon ranked ahead of Barbados, Mongolia and Kazakhstan, and came behind Turkey, Panama and Bosnia & Herzegovina on the Talent Competitiveness Output Sub-Index. This category measures the quality of talent in a country that results from domestic policies, resources and efforts. It is composed of two pillars that assess the current situation of a particular country in terms of labor and vocational skills, as well as in terms of global knowledge skills. Lebanon ranked ahead of Mongolia, Kazakhstan and Jordan, and came behind Turkey, Panama and Bosnia & Herzegovina among UMICs; while it came ahead of Jordan, Azerbaijan, Egypt, Kuwait, Morocco and Algeria in the NAWA region.

#Business, #Economy
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