Global Competitiveness

Global Competitiveness

1. The World Economic Forum

   • Since 2005, the World Economic Forum has based its competitiveness analysis on the Global Competitiveness Index (GCI), a comprehensive framework that measures the microeconomic and macroeconomic foundations of national competitiveness, grouped into 12 categories.
     • Insitutions
     • Infrastructure
     • Health and Primary education
     • Higher Education and Training
     • Macroeconomic Environment
     • Goods Market Efficiency
     • Labour Market Efficiency
     • Financial Market Development
     • Technological readiness
     • Market Size
     • Business Sophistication
     • Innovation

2. Competitiveness is defines as the set of institutions, policies and facotrs that determine a country's level of productivity. The level of productivity in turn, sets the level of prosperity than can be reached by an economy.