Q. The Global Competitiveness Report is published by the
The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, is an NGO, founded in 1971. The WEF's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". It is a membership-based organization, and membership is made up of the world's largest corporations.
- International Monetary Fund
- United Nations Conference on Trade and Development
- World Economic Forum
- World Bank
Answer: World Economic Forum
Global Competitiveness Report
- The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi.
- The Global Competitiveness Index integrates the macroeconomic and the micro/business aspects of competitiveness into a single index.
- The report "assesses the ability of countries to provide high levels of prosperity to their citizens". This, in turn, depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity."
The World Economic Forum defines global competitiveness as "the ability of a country to achieve sustained high rates of growth in gross domestic product (GDP) per capita."
The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, is an NGO, founded in 1971. The WEF's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". It is a membership-based organization, and membership is made up of the world's largest corporations.
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