The Global Competitiveness Report 2016-2017



Osmosis Films created this animated piece for World Economic Forum.

Published since 1979, the Global Competitiveness Report series is today the world’s most comprehensive assessment of national competitiveness. This year’s edition is being released at a time when the world economy is evolving against the background of the “new normal” of lower economic growth, lower productivity growth, and high unemployment and when several downside risks loom on the horizon: the normalization of monetary policies in the United States, exchange rate and commodity price fluctuations, geopolitical tensions, and political instability.

The Global Competitiveness Report 2015-2016 presents the rankings of the Global Competitiveness Index (GCI). The GCI is based on 12 pillars that provide a comprehensive picture of the competitiveness landscape in countries around the world at different stages of economic development. The Report contains detailed profiles highlighting competitive strengths and weaknesses for each of the 140 economies featured.

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FairCoin – A global, stable and incorruptible currency that is backed by a global grassroots movement



FairCoin is a digital currency that has no inflation, knows no borders and isn’t controlled by anyone. Traditional currencies are government controlled with the help of the central bank. FairCoin has no central governing authority. It is freedom from the system.

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How Global Currencies Work: Past, Present, and Future


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A powerful new understanding of global currency trends, including the rise of the Chinese yuan

At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status–and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past–upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.