Global Talent Competitive Index – Part 2 – Asrar Qureshi’s Blog Post #647

Global Talent Competitive Index – Part 2 – Asrar Qureshi’s Blog Post #647

Dear Colleagues!  This is Asrar Qureshi’s Blog Post #647 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here.

Introduction

The eighth edition of Global Talent Competitiveness Index – GTCI – 2021 has been published. This year it has been co-produced by INSEAD, France, and Portulans Institute, a think-tank based in Washington, DC, and Geneva.

GTCI measures talent along set parameters in various countries of the world, which more or less remain the same. In the 2021 report, 134 countries are included. The complete report has 328 pages and those interested may follow the link at the end to see the full report. 

The Global Talent Competitiveness Index – GTCI – is computed as the simple arithmetic average of the scores registered on each of the six pillars described below. Each pillar has sub-pillars and their variables. A look at these gives the idea of the breadth and depth of analysis.

Input sub-index

Pillars/ sub-pillars/ variables

1. Enable

1.1. Regulatory Landscape

1.1.1. Government Effectiveness

1.1.2. Rule of Law

1.1.3. Political Stability

1.1.4. Regulatory Quality

1.1.5. Corruption

1.2. Market Landscape

1.2.1. Extent of market dominance

1.2.2. Ease of doing business

1.2.3. Cluster development

1.2.4. R&D expenditure

1.2.5. ICT infrastructure

1.2.6. Urbanization

1.3. Business Landscape

1.3.1. Labor rights

1.3.2. Labor-employee cooperation

1.3.3. Professional management

1.3.4. Relationship of pay to productivity

1.3.5. Technology utilization

1.3.6. Investment in emerging technologies

1.3.7. Firms with websites

2. Attract

2.1. External Openness

2.1.1. FDI and technology transfer

2.1.2. Prevalence of foreign ownership

2.1.3. Migrant stock

2.1.4. International students

2.1.5. Brain gain

2.2. Internal Openness

2.2.1. Tolerance to minorities

2.2.2. Tolerance to immigrants

2.2.3. Social mobility

2.2.4. Women in tertiary education

2.2.5. Women in high-skilled jobs

2.2.6. Business leadership opportunities for women

3. Grow

3.1. Formal education

3.1.1. Vocational enrolment

3.1.2. Tertiary enrolment

3.1.3. Tertiary education expenditure

3.1.4. Reading math and science

3.1.5. University ranking

3.2. Lifelong Learning

3.2.1. Business and economic subject ranking

3.2.2. Prevalence of training in firms

3.2.3. Employee development

3.2.4. Formal and non-formal education and training

3.3. Access to growth opportunities

3.3.1. Delegation of authority

3.3.2. Youth inclusion

3.3.3. Use of virtual social networks

3.3.4. Use of virtual professional networks

4. Retain

4.1. Sustainability

4.1.1. Pension coverage

4.1.2. Social protection

4.1.3. Brain retention

4.1.4. Environmental performance

4.2. Lifestyle

4.2.1. Personal rights

4.2.2. Personal safety

4.2.3. Physician density

4.2.4. Sanitation

Output sub-index

Pillars/ sub-pillars/ variables

5. Vocational and Technical Skills – VT Skills

5.1. Mid-level skills

5.1.1. Secondary – educated workforce

5.1.2. Secondary – educated population

5.1.3. Technicians and associate professionals

5.1.4. Labor productivity

5.2. Employability

5.2.1. Ease of finding skilled employees

5.2.2. Relevance of education system to the economy

5.2.3. Skills match

6. Global Knowledge Skills – GK Skills

6.1. Higher-level skills

6.1.1. Tertiary educated workforce

6.1.2. Tertiary educated population

6.1.3. Professionals

6.1.4. Researchers

6.1.5. Senior officials and managers

6.1.6. Availability of scientists and engineers

6.2. Talent Impact

6.2.1. Innovation output

6.2.2. High-value exports

6.2.3. New product entrepreneurial activity

6.2.4. New business density

6.2.5. Scientific journal articles

As we go through the above list, we understand how we are faring in the above in Pakistan. We can also anticipate where Pakistan would end up in ranking.

As mentioned earlier, a total of 134 countries were included in this survey

• Switzerland is at #1

• Singapore is at #2

• USA is at #3

• UK is at #12

• Canada is at #13

• Japan is at #20

• Saudi Arabia is at #41

• Azerbaijan is at #54

• Turkey is at #76

• India is at #88

• Iran is at #100

• Pakistan is at #107

• Bangladesh is at #123

• Chad is at #134 – the last rank

For the policy makers, educationists, and other key stakeholders, there is much to take from this study and others like this. 

GTCI is not the only study of this kind; there is Global Innovation Index by Cornell, INSEAD, and WIPO, and there is Human Capital Index by World Bank.

We shall look at Pakistan situation in more detail in the next post.

To be Continued…….

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The Global Talent Competitiveness Index 2021 (insead.edu)