How do China and India compare in the global race for talent?
This year’s global talent competitiveness index shows technological advances will not create mass unemployment, but adjustments from individuals, organisations and countries are required to cope with change
Switzerland has once again topped the list as the world’s most talent-competitive nation, although there are promising developments for the rising economies of Asia, in particular China and India, according to a global ranking released in April.
This year’s global talent competitiveness index report, themed “Talent and Technology”, focuses on the impact of technology on talent management and the future of work generally.
Under the general heading of “looking beyond automation”, it argues that new technological advances such as in big data, artificial intelligence and the pervasive use of algorithms will not kill work, but will require rapid adjustments from individuals, organisations and countries.
Singapore ranked No 2 on the index, according to the annual report co-produced by INSEAD, Adecco and HCLI, now in its fourth edition.
In this respect, the experience and specificities of Asia-Pacific are particularly enlightening, including from the point of view of the two giant economies in the region – China and India.
By and large, Asia-Pacific faces a situation characterised by inequalities on the one hand and strong demographic challenges on the other, in particular in education.