The Global Com­pet­i­tive­ness Re­port 2014-2015

Southasia - - COVER STORY -

• The Global Com­pet­i­tive­ness Re­port 2014-2015 as­sesses the com­pet­i­tive­ness land­scape of 144 economies, pro­vid­ing in­sight into the driv­ers of their pro­duc­tiv­ity and pros­per­ity. The re­port re­mains the most com­pre­hen­sive as­sess­ment of na­tional com­pet­i­tive­ness world­wide, pro­vid­ing a plat­form for di­a­logue be­tween gov­ern­ment, business and civil so­ci­ety about the ac­tions re­quired to im­prove eco­nomic pros­per­ity. Com­petive­ness is de­fined as the set of in­sti­tu­tions, poli­cies and fac­tors that de­ter­mine the level of pro­duc­tiv­ity of a coun­try. The level of pro­duc­tiv­ity, in turn, sets the level of pros­per­ity that can be earned by an econ­omy. • The dif­fer­ent as­pects of com­pet­i­tive­ness are cap­tured in 12 pil­lars, which com­pose the Global Com­pet­i­tive­ness In­dex. The 35th edi­tion em­pha­sizes in­no­va­tion and skills as the key driv­ers of eco­nomic growth. While th­ese in­creas­ingly in­flu­ence com­petive­ness and the global econ­omy ten­ta­tively re­cov­ers from the eco­nomic cri­sis, sig­nif­i­cant risks re­main, re­sult­ing from a strained geopo­lit­i­cal sit­u­a­tion, ris­ing in­come in­equal­ity and the po­ten­tial light­en­ing of fi­nan­cial con­di­tions. It is there­fore cru­cial to ad­dress th­ese struc­tural chal­lenges to en­sure more sus­tain­able and in­clu­sive growth. More than ever, co­op­er­a­tive lead­er­ship among business, gov­ern­ment and civil so­ci­ety is needed to re-es­tab­lish sus­tain­able growth and raise liv­ing stan­dards through­out the world.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.