Asian countries in global growth competitive index
Last week saw the release of the Global Competitiveness Report.
"The GCI is composed of three “pillars,” all of which are widely accepted as being critical to economic growth: the quality of the macroeconomic environment, the state of a
country’s public institutions, and, given the increasing importance of technology in the development process, a country’s technological readiness." It also says that "critical importance of technological innovation for core economies is taken into account in the technology index. Specifically, more weight is given to innovation, by means of the innovation subindex, for the core economies, than for the non-core."
The rankings are drawn from the results of the Executive Opinion Survey, a comprehensive survey conducted by the World Economic Forum, which this year polled over 8,700 business leaders in 104 economies worldwide.
Leading countries that keep their rank are the Finland, the US, and Sweden. The first Asian country is Taiwan, ranked fourth, up from 5 last year. Other Asian countries located in the top ten are Singapore (7, down from 6), and Japan, now 9th, up from 11. The country continues to climb - it was ranked 21 in 2001. The related press release states as reasons for the continued ascend "its improved position reflects a combination of factors, including the strong economic recovery under way which has boosted business confidence, and notable improvements in various indicators which assess the transparency of public sector institutions."
S-Korea, another declared powerhouse slid to 29, what is interesting to note.
Interesting results that show the resilience of the early "technology adopters and developers", such the US, Finland and Sweden.
"The GCI is composed of three “pillars,” all of which are widely accepted as being critical to economic growth: the quality of the macroeconomic environment, the state of a
country’s public institutions, and, given the increasing importance of technology in the development process, a country’s technological readiness." It also says that "critical importance of technological innovation for core economies is taken into account in the technology index. Specifically, more weight is given to innovation, by means of the innovation subindex, for the core economies, than for the non-core."
The rankings are drawn from the results of the Executive Opinion Survey, a comprehensive survey conducted by the World Economic Forum, which this year polled over 8,700 business leaders in 104 economies worldwide.
Leading countries that keep their rank are the Finland, the US, and Sweden. The first Asian country is Taiwan, ranked fourth, up from 5 last year. Other Asian countries located in the top ten are Singapore (7, down from 6), and Japan, now 9th, up from 11. The country continues to climb - it was ranked 21 in 2001. The related press release states as reasons for the continued ascend "its improved position reflects a combination of factors, including the strong economic recovery under way which has boosted business confidence, and notable improvements in various indicators which assess the transparency of public sector institutions."
S-Korea, another declared powerhouse slid to 29, what is interesting to note.
Interesting results that show the resilience of the early "technology adopters and developers", such the US, Finland and Sweden.
posted by Andreas @ 11:13 am
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