A report released last week revealed that the United Arab Emirates is the most successful country in the Middle East when it comes to retaining its home-nurtured talent.
Overall globally, Switzerland still ranks highest for talent competitiveness according to the 2018 Global Talent Competitiveness Index (GTCI). Ranked second and third are Singapore and the United States.
However, in general Europe as a whole has the best ranking, with 15 out of the top 25 countries on the list.
The best countries outside of Europe include Australia, New Zealand, Canada, and the UAE coming in 11th, 12th, 15th, and 17th respectively.
The survey showed that the ten best countries for competitiveness shared a few important characteristics and had one crucial thing in common: they all have excellent educational systems which offer the social and collaboration skills which are needed to prepare workers for the contemporary labor market.
In addition, the successful countries with the lowest brain-drain rate also have flexible regulatory and business requirements; employment policies with both flexibility and protections; and an atmosphere of openness, internally and externally.
The report also ranks cities. This year Europe had eight out of the top ten winners for global competitiveness, and the US with two. The top city was Zurich, Switzerland.