What do you understand by Global Competitiveness Index? – Answered!
Table 7.18: World Economic Forum Competitiveness Ranking of Top Ten Countries:
Competitive economies are those that have in place factors driving the productivity enhancements on which their present and future prosperity is built. A competitiveness-supporting economic environment can help national economies to support high incomes and ensure that the mechanisms enabling solid economic performance going into the future are in place. “Competitiveness is the set of institutions, policies, and factors that determine the level of productivity of a country.”