an ordinary citizen

‘The Global Competitiveness Report’ is a publication of World Economic Forum. 

‘The Global Competitiveness Report has evolved over the last 3 decades into world most comprehensive and respected assessment of countries competitiveness, offering insight into the policies, institutions and factors driving productivity & then, enabling sustained economic growth and long term prosperity’.

‘Produced in collaboration with leading academicians and global network of research institutions the Global Competitiveness Report provides users with competitiveness indicators for a large numbers of industrialized and developing economies’.

This year edition features a record 131 economies, accounting for more than 98% of the world GDP.

Besides hard data from the leading institutional source, indicators include results of the executive opinion surveyed by the World Economic Forum annually. The survey covered perception of several thousand business leaders on topics related to national competitiveness.

The parameters which were considered in Basic Requirements are institutions, infrastructures, macroeconomic stability, health and primary education; in Efficiency Enhancers higher education and training, goods market efficiency, labour market efficiency, financial market sophistication, technological readiness, market size and in Innovation and Business sophistication are business sophistication and innovation

Global Competitiveness ranking:

Seven best in the world:

Asia’s best:

Standing of the SAARC countries:

Performance of Bangladesh:

Bangladesh ranked 107^th out of 131 countries in 2007-2008. It was 92^nd position out of 122 countries in 2006-2007.

The performance of Bangladesh in different parameters are as follows:

Most problematic factors:

The report identifies the most problematic factors for doing business in Bangladesh are :

Bangladesh ranking is not encouraging. Among the SAARC countries it is only above Nepal. The data of Maldives and Bhutan were not available. Sri Lanka and Pakistan are also above it. Corruption, inadequate infrastructure, inefficient bureaucracy, policy instability and access to financing are the major problems for business in Bangladesh. It scored better in market size, labour market efficiency, macroeconomic stability and goods markey efficiency. But performance in these areas is also far behind standard.

An ordinary citizen

Reference: World Competiveness Report  2007-2008