The Global Competitiveness Index (GCI) is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. GCI is determined by numerous and very diverse factors which were divided into three subindexes: Basic requirements, Efficiency enhancers, Innovation and sophistication factors. The index is composed of 12 pillars of competitiveness. They are Institutions, Infrastructure, Macroeconomic Stability, Health and Primary Education, Higher Education and Training, Goods Market Efficiency, Labour Market Efficiency, Financial Market Sophistication, Technological Readiness, Market Size, Business Sophistication, Innovation.
According to overall index, Switzerland is the most competitive country in the world retaining leading position since 2008 after it outpaced United States which, in turn, worsened its position and moved from the first to the third place over the same period. While competitiveness is positively related to the wealth of the nation expressed through the GDP per capita, the relation between competitiveness and happiness seems to follow negative square pattern: middle level of competitiveness corresponds to the highest level of happiness.
Along with the index characterizing country's economic competitiveness (the Global Competitiveness Index) there are indexes assessing country's performance in innovation sphere and its subdivisions (Innovation Union Scoreboard, Knowledge Economy Index, Global Innovation Index).
We live in a fast-paced and interconnected world where breakthrough technologies, demographic shifts, and political transformations have far-reaching societal and economic consequences. More than ever, leaders need to share insights and innovations on how to best navigate the future. The World Economic Forum Annual Meeting in Davos-Klosters remains the foremost creative force for engaging the world’s top leaders in collaborative activities to shape the global, regional and industry agendas at the beginning of each year. For over four decades, the World Economic Forum’s mission – improving the state of the world – has driven the design and...
Source: The Global Competitiveness Report 2013-2014
The IMD World Competitiveness Yearbook analyzes and ranks the ability of a country to facilitate an environment in which enterprises can generate sustainable value. Source: World Competitiveness Ranking based on Criteria, 2016
The most recent Turkey Investment Climate Assessment completed by the World Bank in 2010 revealed wide variation in the quality of the business environment across regions and how firms operating in different regions tend to be affected by various aspects of the investment climate. The Regional Investment Climate Assessment Project will help identify bottlenecks to doing business at regional level across the country. Identification of these bottlenecks is the first step in removing them and promoting private sector development at the regional level in Turkey. The World Bank and Turkish Ministry of Development are co-hosting a meeting to...