Village Journals
Resonate your identity with Naseeb journals. Express your opinions, share your thoughts, post your writings and connect with like minded people through the power of expression.
Resonate your identity with Naseeb journals. Express your opinions, share your thoughts, post your writings and connect with like minded people through the power of expression.
Global competitiveness report
Global competitiveness report
THE World Economic Forum?s (Davos) analytical views and indices on global competitiveness and business competitiveness are eye-openers for our policy makers and government. Its unbiased report compares 104 countries of the world and their competitiveness, encompassing macro-economic management policies, the state of a country?s public institutions, governance, technology, research and development and environment, and judges the abilities of world economies to achieve sustained growth over the medium to long term.
The forum?s growth competitiveness index (GCI) places Pakistan at 91 out of 104 countries, below countries like Malawi and Mali and just above Bangladesh and Ethiopia. Not relevant but Finland tops the ranking with the US and Sweden placed at second and third. Regional countries like India are placed at 55 and Sri Lanka at 73. In just one year Pakistan?s current standing at 91 has fallen from the 2003 ranking of 73 and shows the largest drop in ranking.
The forum has also calculated the business competitiveness index (BCI) which is based primarily on critical factors like management and sophistication of business practices and strategies of companies and the quality of micro-economic business environment in which companies operate. Pakistan is placed at 73 out of 104 countries pointing to the low competitive edge our companies enjoy. In the public institution index (PII), Pakistan is placed at 102 out of 104 world countries while a slight improvement is seen at macro economic environmental index (MEEI) where it is placed at 67. On the technology index, Pakistan is placed at 87 and is just above countries that have a dismal technology environment.
This is because the government is not allocating sufficient resources to improve the quality of the education system and to address major public health concerns while internal conflicts and instability are increasing. These negative trends have infused complexities in the economic, social and political environment, placing under stress institutions that support and sustain economic growth. The impact of this gross ?incompetitiveness? is poverty which has increased to alarming levels. The gap between the rich and the poor is also increasing at a rapid pace and we are moving towards one per cent of the population controlling 99 per cent of resources.
The World Economic Forum reports should be seen in the perspective of our future, and immediate steps are needed to improve our competitiveness to move towards real economic growth for the entire population.
WASIM I. KHAN
Dawn Letter, May 13, 2005
THE World Economic Forum?s (Davos) analytical views and indices on global competitiveness and business competitiveness are eye-openers for our policy makers and government. Its unbiased report compares 104 countries of the world and their competitiveness, encompassing macro-economic management policies, the state of a country?s public institutions, governance, technology, research and development and environment, and judges the abilities of world economies to achieve sustained growth over the medium to long term.
The forum?s growth competitiveness index (GCI) places Pakistan at 91 out of 104 countries, below countries like Malawi and Mali and just above Bangladesh and Ethiopia. Not relevant but Finland tops the ranking with the US and Sweden placed at second and third. Regional countries like India are placed at 55 and Sri Lanka at 73. In just one year Pakistan?s current standing at 91 has fallen from the 2003 ranking of 73 and shows the largest drop in ranking.
The forum has also calculated the business competitiveness index (BCI) which is based primarily on critical factors like management and sophistication of business practices and strategies of companies and the quality of micro-economic business environment in which companies operate. Pakistan is placed at 73 out of 104 countries pointing to the low competitive edge our companies enjoy. In the public institution index (PII), Pakistan is placed at 102 out of 104 world countries while a slight improvement is seen at macro economic environmental index (MEEI) where it is placed at 67. On the technology index, Pakistan is placed at 87 and is just above countries that have a dismal technology environment.
This is because the government is not allocating sufficient resources to improve the quality of the education system and to address major public health concerns while internal conflicts and instability are increasing. These negative trends have infused complexities in the economic, social and political environment, placing under stress institutions that support and sustain economic growth. The impact of this gross ?incompetitiveness? is poverty which has increased to alarming levels. The gap between the rich and the poor is also increasing at a rapid pace and we are moving towards one per cent of the population controlling 99 per cent of resources.
The World Economic Forum reports should be seen in the perspective of our future, and immediate steps are needed to improve our competitiveness to move towards real economic growth for the entire population.
WASIM I. KHAN
Dawn Letter, May 13, 2005