StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Competitiveness in the Global Context - Essay Example

Cite this document
Summary
It has a score of 5.2. India on the other hand ranks 71 out of 144 countries and has a score of 4.2. In studying one of the 12 pillars of competitiveness, which is labor market efficiency, a comparison of the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Competitiveness in the Global Context
Read Text Preview

Extract of sample "Competitiveness in the Global Context"

Competitiveness in the Global Context Country capa to retain talent Canada global competitiveness score ranks 15th out of 144 countries. It has a score of 5.2. India on the other hand ranks 71 out of 144 countries and has a score of 4.2. In studying one of the 12 pillars of competitiveness, which is labor market efficiency, a comparison of the two countries will be provided (GCR, 2014).Canada for instance has been steady in creation of new employment opportunities for its citizens. Ever since the global recession, recovery for the country has been steady to a pace of more than 1 million jobs created yearly (GCR, 2014).

In addition, the GDP per capita is high when compared to the country India (India, 2014). The labour market is regulated and good as the number of unemployment rates is down. Furthermore, Canada has a good education system that has been able to constantly produce the enough labor force to run the economy. On the down side, Canada has not been blessed in produced graduates doing science, engineering, mathematics and technology, hence relies more on international labour forces to fill this gap (GCR, 2014).

Based on the above analysis, it is evident that Canada has a higher capacity to retain talent than India based on the fact that it has a high employment rate, good wage bill rates, and good education systems for producing the labor force (Canada, 2014). India on the other hand does not have the capacity to retain its labour force since they have a high unemployment rate, low wage bills and do not appreciate people in certain field of studies due to lack of capacity to absorb them (GCR, 2014).

2-Country capacity to attract talentIn India, the labour force is not steady. Ever since the economic recession, the number of unemployment rates increased and recovery has been slow since the job creation has been slow. In addition, due to the flexibility of the labour force in India, wage rates have decreased (GCR, 2014). The GDP per capita in India is very low when compared to Canada (Canada). India on the bright side has a population of citizens who have graduated in the fields of science, engineering, mathematics and technology.

Such students usually get absorbed in countries that require their skills since India is not that well developed (GCR, 2014). Based on the analysis above, it is evident that Canada has a better capacity of attracting talent due to the fact that they have a high employment rate, good wage rate plus need expertise in areas dealing with science, engineering, mathematics and technology. India on the other hand does not have the capacity to attract talent due to their poor economic state, high unemployment rates, and low wage bill rates (GCR, 2014).

ReferencesCanada. (2014, April 10). JOBS REPORT: The state of Canadian Labor Market. Retrieved November 30, 2014, from budget.gc.ca: http://www.budget.gc.ca/2014/docs/jobs-emplois/pdf/jobs-emplois-eng.pdf GCR. (2014, November 16). Canada. Retrieved November 30, 2014, from Global Competitiveness Report: http://reports.weforum.org/global-competitiveness-report-2014-2015/economies/#economy=CANGCR. (2014, November 16). Global competitiveness report. Retrieved November 30, 2014, from India: http://reports.weforum.org/global-competitiveness-report-2014-2015/economies/#indexId=GCI&economy=INDIndia.

(2014, August 2). Flexibility, Employment and Labour Market Reforms in India. Retrieved November 30, 2014, from globalcitizen.net: http://storage.globalcitizen.net/data/topic/knowledge/uploads/2009033119148705.pdf

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Competitiveness in the Global Context Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Competitiveness in the Global Context Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1669237-competitiveness-in-the-global-context
(Competitiveness in the Global Context Essay Example | Topics and Well Written Essays - 500 Words)
Competitiveness in the Global Context Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1669237-competitiveness-in-the-global-context.
“Competitiveness in the Global Context Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1669237-competitiveness-in-the-global-context.
  • Cited: 0 times

CHECK THESE SAMPLES OF Competitiveness in the Global Context

Strategic Strengths and Weaknesses of Mandarin Oriental Hotel Group Organisation

The success of the organisation lies in exploiting the valuable resources effectively in order to sustain Competitiveness in the Global Context (O'Fallon & Rutherford, 2010).... In this context, it can be stated that the valuable resources are to be taken into account for implementation of strategies in the organisational culture as well in the environment where the organisation eventually functions....
6 Pages (1500 words) Essay

Business Structures and Competitiveness of Canada

Appendix 13 Executive Summary A series of criteria tends to be used for evaluating the performance of economies in the global market.... Introduction The competitiveness of countries in the context of the international market is difficult to be measured, especially due to the instability in economies and the strong social conflicts worldwide.... National competitiveness – characteristics 4 3.... Business structures and competitiveness of Canada using Porter's Diamond model of international competitiveness 6 … Business structures and competitiveness of Canada – Analysis using Michael Porter's ‘Diamond' Model of International competitiveness Table of contents Executive Summary 3 1....
10 Pages (2500 words) Essay

The Impact on Businesses throughout the World if the European Union Were to Partially Disintegrate

hellip; It has been observed that the EU is one of the best performers of business on a global scale.... Additionally, the main parameter that will be addressed in this particular essay will broadly reflect upon the possible amount of impacts that can prove to provide certain advantages or disadvantages in the near future to global business....
8 Pages (2000 words) Coursework

The Global Competitiveness of Firms

The paper 'The Global Competitiveness of Firms' presents companies that operate in the global business arena, regardless of their particular industry, must work within unique operating environments and be adaptable to whatever external trend drives their business strategy.... Further, the place is improving competitiveness in global companies because it improves the community and consumer relationships, as well as giving businesses a positive identity in local markets with unique cultural values and preferences....
7 Pages (1750 words) Case Study

Provide relevant detailed analysis of sony in its global context

In the meantime, the company should be more attentive to the cultural aspects of its brand development in the global contexts.... The significance of the global brand organization, the construction of brand equity, brand measurement, and the importance of culture for the development of global brand identity will create on objective... The issue of brand development is particularly relevant for global businesses.... That Sony is one of the strongest and most popular global brands cannot be denied....
5 Pages (1250 words) Essay

Global and International Business Context

It begins with a brief introduction to both the global and Australian wine markets, and is followed by the use of Porter's National Diamond and other appropriate models to assess the… It also provides a critical analysis of Porter's National Diamond, before providing conclusions and recommendations as to whether it is appropriate to enter the Australian wine market. the global wine market is highly fragmented It was worth $263.... mln in 2009 and is forecast to grow at approximately 2% per year, which is faster than the global wine market (ibid, p....
10 Pages (2500 words) Essay

Strategic Strengths and Weaknesses of Madarin Oriental Hotel Group Organisation In Relation To VRIN Analysis

In this context, it can be stated that the valuable resources are to be taken into account for implementation of strategies in the organizational culture as well in the environment where the organization eventually functions.... nbsp;MOHG is one of the world's finest luxury hotels operating in different global locations....
5 Pages (1250 words) Essay

Porter's Diamond of National Competitiveness

While many economists have doubted the efficacy of Porter's conceptual framework of the “diamond of national competitiveness” basically owing to its many shortcomings in structural coherence, others agree that its theoretical underpinnings have stronger relevance to modern international trade context.... This paper "Porter's Diamond of National competitiveness" presents Porter's emphasis on the four determinants (the Diamond) of the national competitive advantage, viz....
9 Pages (2250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us