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Bangladesh in Global Competitiveness Report 2007-2008 January 26, 2008

Posted by bdoza in BANGLADESH, ECONOMY, GOVERNANCE.
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‘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:

 

Rank

Score

USA

1

5.67

Switzerland

2

5.62

Denmark

3

5.55

Sweden

4

5.54

Germany

5

5.51

Finland

6

5.49

Singapore

7

5.45

Asia’s best:

Singapore

7

5.45

Japan

8

5.43

Korea

11

5.40

Taiwan

14

5.25

Malaysia

21

5.10

China

34

4.57

Saudi Arabia

35

4.55

 

Standing of the SAARC countries:

India

48

4.33

Sri Lanka

70

3.99

Pakistan

92

3.77

Bangladesh

107

3.55

Nepal

114

3.38

 

Performance of Bangladesh:

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

The performance of Bangladesh in different parameters are as follows:

Basic requirements

 

111

1st pillar

Institution

126

2nd pillar

Infrastructure

120

3rd pillar

Macroeconomic stability

87

4th pillar

Heath & primary education

105

 

Efficiency enhancers

 

91

5th pillar

Higher education & training

126

6th pillar

Goods market efficiency

93

7th pillar

Labor market efficiency

76

8th pillar

Financial sophistication

75

9th pllar

Technological readiness

125

10th pillar

Market size

75

 

Innovation and sophistication

 

111

11th pillar

Business sophistication

102

12th pillar

Innovation

117

Most problematic factors:

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

 

global-compettive-index-pf.png

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

 

 

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Comments»

1. Connecting News, Commentaries and Blogs at NineReports.com - - January 30, 2008

[...] the US … tradeopolis.com – Last Updated – Tuesday January 29  Request a Trackback Bangladesh in Global Competitiveness Report 2007-2008 ‘The Global Competitiveness Report’ is a publication of World Economic Forum.  ‘The [...]

2. mithun - April 9, 2008

Bangladesh has to develop it’s position

3. imran - April 17, 2008

Bangladesh is always a poor country and on top of that the natural calamities are adding more to it. I don’t understand that how can Bangladeshis think religion ahead of their socio- economic development. They should learn something from other devloping countries like India/ China. Request all bandeshies to come out of fantasy world of Islam & work hard to lift their nation….

4. titu - June 4, 2008

oh we are lagging behind every moment.I think our number one problem is corruption.


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