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Denmark remains among world’s most competitive nations

Christian Wenande
June 1st, 2017


This article is more than 7 years old.

Danes drop one spot to seventh in annual IMD ranking

Denmark can lock horns with the best of them (photo: Pixabay)

Denmark has been ranked seventh in the new edition of the World Competitiveness Yearbook for 2017, which has just published by the Swiss business school IMD.

The Danes were ranked the highest Nordic nation despite falling one spot compared to last year’s ranking.

“We do a lot of things right in Denmark, which has ensured us a position in the top ten,” said Allan Sørensen, a chief analyst with the Danish confederation for industry, Dansk Industri (DI).

“We must protect our strengths. If we want to reach the pinnacle and become even more competitive, work needs to be done. Our high costs and under pressure labour market are central areas we need to improve on.”

READ MORE: Copenhagen tops Global Talent Competitiveness Index

Areas to improve
IMD points to judicial security, equal rights and an absence of corruption as being among Denmark’s strengths, while high wages, taxes, fees, low working hours and a poor ability to attract workers from abroad are among its weaknesses.

“To fulfil growth potential, we must ensure than Danish companies can obtain the qualified employees they require,” said Sørensen.

“At the same time we must reduce the expenses that hamper investment in more effective production and digitalisation.”

Hong Kong finished top of the rankings, followed by Switzerland, Singapore, the US and the Netherlands. Ireland, Denmark, Luxembourg, Sweden and the United Arab Emirates completed the top ten.

Other notable rankings included Norway (11), Germany (13), Finland (15), China Mainland (18), the UK (19), Australia (21), Japan (26), South Korea (29), France (31), India (45), Russia (46) and Brazil (61).

See the entire 2017 IMD competitiveness ranking here.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

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At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”