International business school INSEAD has launched a new international study, and New Zealand places 17th in the first ever Global Talent Competitiveness Index.
Based on research in tandem with the Human Capital Leadership Institute of Singapore and Adecco, the model assesses what countries do to produce and acquire talents (input) and the kind of skills that are available to them (output).
What do we have going for us?
For starters, New Zealand topped the Business Landscape category, which includes 'labour market flexibility' and 'reliance on professional management'.
Under the Regulatory Landscape umbrella (third overall) we ranked well for government effectiveness and political stability.
Internal Openness, which includes tolerance of immigrants, minorities, social mobility and prevalence of female professionals, was another strength.
Some other stats of note: we came in second for ease of doing business, 20th for venture capital availability, and 28th for R&D expenditure.
Where we're starting to fall down is in brain gain/labour inflow, and Talent Impact (that's innovation, entrepreneurship, new products).
On lifestyle factors, we ranked 36th, doing well on environmental performance (14th) but not so hot on when it comes to 'property stolen' (85th).
All up, there are 48 indicators, with 103 countries surveyed, making up 86.3 percent of the world’s population and 96.7 percent of the world’s GDP.
Switzerland topped the list, followed by Singapore and Denmark in second and third places.
In the video below, Professor Paul Evans, academic director of the INSEAD Global Talent Competitiveness Index, and Bruno Lanvin, executive director for Global Indices, INSEAD, discuss the methodology used and why the US (shock horror) isn't number one.
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