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Global Competitiveness Report 2008-9

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The World Economic Forum has released its 2008-09 Global Competitiveness Report that ranks the most competitive countries in the world. It gauged or measured the economic vitality and prosperity of 134 countries and ranked them on an index.

The results of the report can be used as a benchmarking tool to facilitate business leaders and policy makers in identifying obstacles and impediments confronting their economies.

So how does the World Economic Forum measure competitiveness?

The WEC has identified 12 pillars that are the fundamental building blocks of a nation. These pillars are institutions, the infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market sophistication, technological readiness, market size and innovation. These pillars are interrelated and work in cohesion.

Read the report here (pdf).

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