Singapore tops Asia-Pacific in global talent competitiveness
Singapore retains its top position in Asia Pacific for the fifth consecutive year in INSEAD’s Global Talent Competitiveness Index (GTCI) 2018.
In GTCI 2018, six Asia-Pacific countries rank in the top 30: Singapore is first (and second globally), followed by Australia (11th), New Zealand (12th), Japan (20th), Malaysia (27th) and South Korea (30th).
With the theme of ‘Diversity for Competitiveness’, the GTCI 2018 examines two types of diversity: cognitive (differences in knowledge, experience and perspectives) and identity (gender, race, age etc.).
Globally, European countries continue to dominate the GTCI rankings, with 8 of them in the top 10. Switzerland maintains its number 1 position, followed by Singapore and the United States.
Top-ranking countries share several characteristics, including having educational systems focused on employability, flexible regulatory and business landscapes, employment policies which combine flexibility and social protection, as well as demonstrating external and internal openness—all top countries are committed to harnessing cognitive and identity diversity.
Cities versus countries
Interestingly, a review of cities rather than countries paints a different picture. This year’s Global Cities Talent Competitiveness Index (GCTCI), the second of its kind, covers 90 cities across the world (about double the 46 cities covered in its inaugural edition).
“In the Asia-Pacific region, nations seem to be performing better than cities in terms of talent competitiveness. Large metropolises are the majority among leaders – Tokyo, Seoul, Sydney, Singapore, Auckland and Beijing,” said Bruno Lanvin, Executive Director of Global Indices at INSEAD and co-editor of the report.
“As 'smart cities' continue to develop in the region, more medium-sized Asian cities may emerge as future talent hubs, especially in China and India,” he added.