Enhancing talent competitiveness in ASEAN: Insights from input-output efficiency analysis

This research explores talent competitiveness among the Association of Southeast Asia Nations (ASEAN) using the Global Talent Competitiveness Index (GTCI) framework data in the 2023 report. The study delves beyond the pillar rankings to analyze the GTCI Sub-Indices and the concept of Efficiency Score, which reveals how effectively countries transform talent inputs (education, skills) into outputs (innovation productivity). At the same time, Singapore emerges as the regional leader with optimal efficiency, while Indonesia, Thailand, Vietnam, and the Philippines all have room for improvement. Despite lower rankings, the Philippines’ case, with a high-efficiency score, necessitates further investigation. Data Envelopment Analysis (DEA) is introduced as a potential tool for policymakers to identify efficient performers and areas for improvement, highlighting the importance of the Efficiency Score as a valuable metric for understanding talent utilization. The research emphasizes the need for ASEAN to invest in education, skills development, and innovation. Recommendations include promoting lifelong learning, improving regulations, and promoting collaboration. Policymakers can cultivate a thriving talent ecosystem for sustained economic growth by leveraging the GTCI framework Efficiency score and DEA.