Global Talent Competitive Index: India has moved up one position to rank 80th on the Global Talent Competitive Index 2019 ranking. Switzerland continues to top the list. The ranking was released on the first day of the World Economic Forum (WEF) Annual Meeting by INSEAD business school in partnership with Tata Communications and Adecco Group. Switzerland is followed by Singapore, the US, Norway and Denmark in the top five on the list.
With an overall position of 45th and despite a fall of two places, China is the best performer among BRICS countries. The survey measures how countries and cities grow, attract and retain talent, ranking 125 countries and 114 cities across all groups of income and levels of development.
The report also said cities rather than countries are developing stronger roles as talent hubs and will be crucial in reshaping the global talent scene. The top-ranked city this year is Washington, DC, followed by Copenhagen, Oslo, Vienna and Zurich.
- The World Economic Forum (WEF) is based in Cologny-Geneva, Switzerland.
- Though it was founded in 1971, it gained formal status in January 2015 under the Swiss Host-State Act.
- The Act confirmed the role of the Forum as an International Institution for Public-Private Cooperation.
- The WEF is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland.
- The theme of the World Economic Forum’s Annual Meeting 2019 in Davos will be “Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution”.
- The theme for 2018 was Creating a Shared Future in a Fractured World.
- Motto: Committed to improving the state of the world
- Present Executive Chairman: Klaus Schwab
- Switzerland is one of the most developed countries in the world, with the highest nominal wealth per adult and the eighth-highest per capita gross domestic product according to the IMF.