The Global The Global Competitiveness Report: Competitiveness Report: A Tool for Fostering A Tool for Fostering Better Policies Better Policies 8 th November, 2005 Augusto Lopez-Claros Chief Economist & Director Global Competitiveness Programme World Economic Forum Geneva, Switzerland
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The Global Competitiveness Report: A Tool for Fostering Better Policies 8 th November, 2005 Augusto Lopez-Claros Chief Economist & Director Global Competitiveness.
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The Global Competitiveness Report: The Global Competitiveness Report: A Tool for Fostering Better PoliciesA Tool for Fostering Better Policies
8th November, 2005
Augusto Lopez-ClarosChief Economist & Director
Global Competitiveness ProgrammeWorld Economic Forum
Geneva, Switzerland
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Contents
Part I. Global Competitiveness Programme
• What do we mean by
“competitiveness” ?
Part II. The Growth Competitiveness Index
• Results and Analysis
Part III. Global Competitiveness Index
• Macroeconomy and Public Institutions
• Results and Analysis
3
Competitiveness is defined as the set of factors, policies and
institutions that determine the level of productivity of a
country
A more competitive economy is one that is likely to grow
faster over the medium to long run
We try to shed light on “the factors, policies and institutions”
that determine the sharply different growth experiences of
117 economies worldwide
Part I. Global Competitiveness Programme:What do we mean by “competitiveness” ?
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Global Competitiveness Programme: What are we trying to achieve?
GDP per capita, PPP in international dollars
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
1955 1960 1965 1970 1975 1980 1985 1990 1995 2000
Sources: Penn World Tables, WEO Database, April 2005
Argentina
Ghana
Taiw an
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The Global Competitiveness Programme
Key insights gained from competitiveness programme
1. The factors that determine the level of productivity of
a country are many and spread over a large number
of areas
2. These factors matter differently for different
countries depending on their stage of development
3. Their relative importance changes over time
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Growth Competitiveness Index
Technology Transfer Sub-Index
Information & Communications
Technology Subindex
Technology IndexMacroeconomic
Environment IndexPublic Institutions
Index
Contracts and law Sub-Index
Corruption Sub-Index
Macroeconomic stability Sub-Index
Innovation Sub-Index
Country CreditRating
GovernmentWaste
Part II. The Growth Competitiveness Index
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Growth Competitiveness Index Components(out of 117)