The Centre for Global Competitiveness and PerformanceThe Global Competitiveness Report remains the flagship publication within the Forum’s Centre for Global Competitiveness and Performance, which produces a number of research studies that truly mirror the increased integration and complexity of the world economy. Additional regular publications include The Global Enabling Trade Report, The Global Gender Gap Report, The Global Information Technology Report, and The Travel & Tourism Competitiveness Report, as well as various regional and country studies.
The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin and first introduced in 2004. The GCI is based on 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness landscape in countries around the world at all stages of development. The pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin and first introduced in 2004. The GCI is based on 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness landscape in countries around the world at all stages of development. The pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
Calculating the rankings
The rankings are calculated from both publicly available data and the Executive Opinion Survey, comprehensive annual survey conducted by the World Economic Forum together with its network of Partner Institutes (leading research institutes and business organizations) in the countries covered by the study. In 2010, over 13,500 business leaders were polled in 139 economies. The survey is designed to capture a broad range of factors affecting an economy’s business climate. The report also includes comprehensive listings of the main strengths and weaknesses of countries, making it possible to identify key priorities for policy reform.
The report contains an extensive data section with a detailed profile for each of the 139 economies featured in the study, providing a comprehensive summary of the overall position in the rankings, as well as data tables with global rankings for over 110 indicators.
The 2010 report also features discussions on selected regions and topics. These include an analysis of the competitiveness of the European Union countries (guest-authored by European Commissioner Joachim Almunia); a review of Latin America’s infrastructure challenges, with a special focus on Brazil; a timely discussion on the relationship between macroeconomic stability and longer-term competitiveness; and the results of the EU Joint Research Centre’s analysis of the GCI, highlighting the statistical robustness and soundness of the index.
The International Monetary Fund predicts growth of 6.25 percent for emerging markets, compared with 2.25 percent for advanced economies in 2010. In this context, policymakers are being confronted with difficult economic management challenges. Following their active stance in addressing the crisis and the ensuing recession, governments are struggling to unwind their deficit spending in an effort to control soaring debts. Indeed, fears of a double dip are hindering many governments from articulating clear exit strategies, a major topic of discussion in recent G-20 summits.
The report contains an extensive data section with a detailed profile for each of the 139 economies featured in the study, providing a comprehensive summary of the overall position in the rankings, as well as data tables with global rankings for over 110 indicators.
The 2010 report also features discussions on selected regions and topics. These include an analysis of the competitiveness of the European Union countries (guest-authored by European Commissioner Joachim Almunia); a review of Latin America’s infrastructure challenges, with a special focus on Brazil; a timely discussion on the relationship between macroeconomic stability and longer-term competitiveness; and the results of the EU Joint Research Centre’s analysis of the GCI, highlighting the statistical robustness and soundness of the index.
The International Monetary Fund predicts growth of 6.25 percent for emerging markets, compared with 2.25 percent for advanced economies in 2010. In this context, policymakers are being confronted with difficult economic management challenges. Following their active stance in addressing the crisis and the ensuing recession, governments are struggling to unwind their deficit spending in an effort to control soaring debts. Indeed, fears of a double dip are hindering many governments from articulating clear exit strategies, a major topic of discussion in recent G-20 summits.
Long-term growth should be a priority
Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum believes future long-term growth rather than short-term targets should be a priority: “Policy-makers are struggling with ways of managing the present economic challenges while preparing their economies to perform well in a future economic landscape characterized by uncertainty and shifting balances. In such a global economic environment, it is more important than ever for countries to put into place the fundamentals underpinning economic growth and development.”
No comments:
Post a Comment