The GCI, in turn, seeks to help policymakers and institution leaders in addressing multifaceted economic challenges and developing better policies for economic growth. Global Competitiveness Index (GCI) compiled by the World Economic Forum(WEF) has been released. A A A; By Victor V. Saulon, Sub-Editor. For Prelims: Performance of India and other countries. 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. What to study? The World Economic Forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. The 2018 results of the “Global Competitiveness Index” show that in the category “environment”, pillar “Macroeconomic stability” Latvia, together with the other 32 countries share 1st (!) This chapter presents the new Global Competitiveness Index 4.0 methodology. About the index . This is the first of two posts that briefly describe the twelve pillars on which the Global Competitiveness Index (GCI) is based, which annually and since 2005 is used by the World Economic Forum (WEF) as a tool to measure the competitiveness of countries. The Global Sustainable Competitiveness Index 2017: List of countries by sustainable competitiveness rank Country Sustainable competitiveness Rank Score Sweden 1 60.5 Norway 2 58.2 Iceland 3 57.6 Finland 4 57.4 Denmark 5 57.2 Ireland 6 55.4 Switzerland 7 55.3 Austria … The index is based on 103 indicators and data from international organisations as well as the World Economic Forum. India ranked 80 in Global Talent Competitiveness Index 2019. sub-pillars, six pillars, two sub-indices, and an overall index. The Global Competitiveness Index 2015-2016 presents a framework and a corresponding set of indicators in three principal policy domains (pillars) and twelve sub-domains (sub-pillars) for 140 countries. Almost all pillars dipped in its ranks despite the Philippines maintaining its overall score of 62/100. Thus, matrix approach is used … Global Competitiveness Index . The World Economic Forum in 2018 introduced the Global Competitiveness Index (GCI) 4.0 which is an economic compass to measure the countries’ productivity across 12 pillars and 103 indicators. Its latest rank is 80 out of 137 countries for 2017. The Global Industry Competitiveness Index (GICI) by BAK Economics takes account of this inter -relationship. Performance is also mixed across the 12 pillars of the index. PHL found among most improved in global competitiveness index. The Global Competitiveness Index 2019 ranks 140 countries on the basis of 98 indicators organised into 12 pillars. The pillars… These facets are systematized into 12 pillars, reflecting the level and complexity of the drivers of productivity and the competitiveness ecosystem. The World Economic Forum’s Global Competitiveness Index measures the performance of 140 countries on 12 pillars of competitiveness. Impact of Competitiveness Drivers on Global Competitiveness Index Pacific Business Review International Volume 11 Issue 2, August 2018 Abstract The study is design to examine the impact of basic requirements, efficiency enhancers and innovation and sophistication factors on global competitiveness index (GCI) on East Asia and Pacific region countries. 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. It was launched in 1979.It ranks the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. It will put these definitions into the context of how they emerged, and what they suggest for policy. Context: GCI 2019 has been released. Global Talent Competitiveness Index 2020 - India ranks 72 in the GTCI 2020. The results of the 2019 Global Competitiveness Index (GCI) reveal that, on average, most economies continue to be far from the competitiveness “frontier” – the aggregate ideal across all factors of competitiveness. Competitiveness Index in France averaged 21.97 Points from 2007 until 2019, reaching an all time high of 78.81 Points in 2019 and a record low of 5.05 Points in 2014. As such it contemplates multiple structural dimensions of a countries economy that affect their economic performance. 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