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Global Competitiveness Index

The document summarizes the Global Competitiveness Index published annually by the World Economic Forum. The index measures a country's ability to provide prosperity to its citizens based on how productively it uses available resources. It is composed of over 90 variables from both business leader surveys and publicly available data that assess factors like infrastructure, health, education, market efficiency, financial markets, innovation, and technology. Countries are categorized as factor-driven, efficiency-driven, or innovation-driven based on their economic complexity. The top ranked countries in 2010-2011 were Switzerland, Sweden, and Singapore, while India ranked 51st and Pakistan ranked 123rd.

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Keshav Sarda
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72 views18 pages

Global Competitiveness Index

The document summarizes the Global Competitiveness Index published annually by the World Economic Forum. The index measures a country's ability to provide prosperity to its citizens based on how productively it uses available resources. It is composed of over 90 variables from both business leader surveys and publicly available data that assess factors like infrastructure, health, education, market efficiency, financial markets, innovation, and technology. Countries are categorized as factor-driven, efficiency-driven, or innovation-driven based on their economic complexity. The top ranked countries in 2010-2011 were Switzerland, Sweden, and Singapore, while India ranked 51st and Pakistan ranked 123rd.

Uploaded by

Keshav Sarda
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Global Competitiveness Index

By:-
Introduction
The Global Competitiveness Report is a yearly
report published by the World Economic Forum.
The first report was released in 1979.
The 2009-2010 report covers 133 major and emerging
economies.
Meaning
The report assesses the ability of countries to provide
high levels of prosperity to their citizens. This in turn
depends on how productively a country uses available
resources. Therefore, the Global Competitiveness
Index measures the set of institutions, policies, and
factors that set the sustainable current and medium-
term levels of economic prosperity.
It is made up of over 90 variables, of which two thirds
come from the Executive Opinion Survey.
One third comes from publicly available sources such
as the United Nations.
Executive Opinion Survey which is a survey of a
representative sample of business leaders in their
respective countries, currently just over 11,000 in 125
countries.
The GCI separates countries into three specific stages:
factor-driven
efficiency-driven
innovation-driven
(each implying a growing degree of complexity in the
operation of the economy)
Variables to measure GCI
Infrastructure
Overall infrastructure quality
Railroad infrastructure development
Quality of port infrastructure
Quality of air transport infrastructure
Quality of electricity supply
Telephone lines
Macro Economy
Government surplus/deficit
National savings rate
Inflation
Interest rate spread
Government debt
Health
Medium-term business impact of malaria
Medium-term business impact of tuberculosis
Medium-term business impact of HIV/AIDS
Infant mortality
Life expectancy
Tuberculosis prevalence
Malaria prevalence
HIV prevalence
Primary education
Primary enrolment
Higher education and training
Secondary enrolment ratio
Quality of education
Quality of the educational system
Quality of math and science education
Quality of management schools
Market Efficiency
Agricultural policy costs
Efficiency of legal framework
Extent and effect of taxation
Number of procedures required to start a business
Time required to start a business
Competition
Intensity of local competition
Effectiveness of antitrust policy
Imports
Prevalence of trade barriers
Foreign ownership restrictions
GDP – exports + imports
Exports
Financial Markets
Financial market sophistication
Ease of access to loans
Venture capital availability
Soundness of banks
Local equity market access
Technological
Technological readiness
Firm-level technology absorption
Laws relating to ICT
FDI and technology transfer
Cellular telephones
Internet users
Personal computers
Innovation
Quality of scientific research institutions
Company spending on research and development
University/industry research collaboration
Government procurement of advanced technology
products
Availability of scientists and engineers
Utility patents
Intellectual property protection
Per Capita Income
Standard of Living
Labor markets: Flexibility and efficiency
Brain drain
Employment of women etc.
2010-2011 rankings 16.  Australia 5.11
1. Switzerland 5.63
2. Sweden 5.56 17.  Qatar 5.10
3.  Singapore 5.48 18.  Austria 5.09
19.  Belgium 5.07
4.  United States 5.43
20.  Luxembourg 5.05
5.  Germany 5.39
21.  Saudi Arabia 4.95
6.  Japan 5.37
22.  South Korea 4.93
7.  Finland 5.37 23.  New Zealand 4.92
8.  Netherlands 5.33 24.  Israel 4.91
9.  Denmark 5.32 25.  United Arab Emirates 4.89
10.  Canada 5.30 26.  Malaysia 4.88
11.  Hong Kong SAR 5.27 27.  China 4.84
12.  United Kingdom 5.25 28.  Brunei 4.75
13.  Taiwan 5.21 29.  Ireland 4.74
14.  Norway 5.14 30.  Chile 4.69
15.  France 5.13
India`s current ranking is 51st
And Pakistan`s Ranking is 123rd

INDIA ROCKS

college\New Folder\WEF.pdf
Thank You

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