Take the bottom ten percent of the countries in the NRI index, and explain why t

Question

Take the bottom ten percent of the countries in the NRI index, and explain why they are in the bottom ten percent. (I.e. why their scores are low). What these countries should do to improve their NRI scores. Explain whether it is worthwhile for them to make it a priority to improve the factors that contribute the Network Readiness as compared to the social development indicators like poverty, water, electricity, education, sanitation, health, longevity, etc. (you can get information on the social development indicators from the Global Competitiveness Report published by the World Economic Forum, and other sources). If so, list at least top five issues to focus on with top priority. Explain how the improvement in Network Readiness will help those countries.

http://www3.weforum.org/docs/GITR2016/WEF_GITR_Full_Report.pdf

The bottom 10 percent countries are:

Explanation / Answer

To improve th network readiness index of these countries here are the five factors to be improved:

R&D and basic research:

New technologies augment tools used in research and decrease costs of previously unaffordable research activities. They allow more accurate inference based on larger amounts of data and enable more extensive longdistance research collaboration, including crowdsourcing.

• Product and process innovation:

Digital technology makes possible new products and services, and re-engineering production systems give cost and quality advantages. Chapter 1.2 in this Report provides extensive case study evidence for a wide range of industries to illustrate this point.

• Increasing market size:

Technology acts to integrate markets by reducing communication costs and increasing matching efficiency, which in turn increases competitive pressures. For example, online platforms through which firms can connect almost without cost to a global consumer base are creating a tougher competitive environment.

• Reducing barriers to entry:

New online services, such as globally accessible cloud computing and online marketing platforms, are saving start-ups and small- and medium-sized enterprises (SMEs) a significant share of the fixed costs of running a business. This facilitates entry and scaling, and thereby contributes to a leveling of the playing field vis-à-vis large incumbents. Mettler and Williams (2011) identify six such types of business platforms: crowd-financing, digital utilities, professional services marketplaces, micro-manufacturing, innovation marketplaces, and e-commerce platforms.

Big data is giving firms the opportunity to target products so they more closely align with consumer preferences based on more accurate information about the latter. This can act like a quality upgrade from the point of view of the consumer, and therefore increases pressure on other firms to innovate themselves

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