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The Report contains a detailed
country/economy profile for each of the 139
economies featured in the study, providing a
comprehensive summary of the overall position in the
Index rankings as well as a guide to what are
considered to be the most prominent competitive
advantages and competitive disadvantages of each.
Also included is an extensive section of data tables
with global rankings covering over 110 indicators.
The rankings are drawn from a
combination of publicly available hard data and the
results of the Executive Opinion Survey, a
comprehensive annual survey conducted by the World
Economic Forum (WEF), together with its network of
Partner Institutes in the countries covered by the
Report. Qatari Businessmen Association (QBA) is the
local partner of WEF and is proud to put massive
efforts to distribute, follow up and collect the
survey questionnaire, which is designed to capture a
broad range of factors affecting the economy
expressed by the views of the whole business
community. Qatari Businessmen association annually
helps the WEF to deliver a comprehensive overview of
the main strengths and weaknesses in the national
economy, making it possible to identify key areas
for policy formulation and reform.
“With the growing complexity
of the global economy, The Global Competitiveness
Report is a contribution to enhancing our
understanding of the key factors which determine
economic growth. By providing detailed assessments
of the economic conditions of Qatar and other
nations worldwide, the Report offers policy-makers
and business leaders an important tool in the
formulation of improved economic policies and
institutional reforms," noted Sheikh Faisal,
Chairman of Qatari Businessmen Association.
The top rankings of
Switzerland, Sweden and Singapore show that good
institutions and competent macroeconomic management,
coupled with world-class educational attainment and
a focus on technology and innovation, are a
successful strategy for boosting competitiveness in
an increasingly complex global economy. Business
activity in these countries benefits from a
well-developed institutional framework,
characterized by the rule of law, an efficient
judicial system and high levels of transparency and
accountability within public institutions. Excellent
infrastructure is an additional positive feature of
the business environment. Our indicators point to
the rapidly growing importance of higher education
and training as engines of productivity growth.
Detailed information of this
year’s GCR marks the movements up or downwards for
some countries, while some others maintained their
position on the index. The United States continues
to decline from last year position, as it falls from
2nd to the 4th place.
In addition to the macro economic imbalances that
have been building up over time, there has been a
weakening of the United State public and private
institutions as well as lingering concerns about the
state of its financial markets.
Leading within Asia are
Singapore and Japan, ranked 3rd and 6th
respectively, closely followed by Hong Kong (11),
Taiwan (13), Korea (22) and Malaysia (26) and these
economies are characterized by high-quality
infrastructure, flexible and efficient markets,
healthy and well-educated workforces and high levels
of technological readiness and innovative capacity.
Singapore ranked 3rd still the highest ranked
country from Asia, the country institution continue
to be asset as the best in the world. In addition to
that the country competitiveness is buttressed by
strong focus on education, providing individuals
with the skills needed for rapidly changing global
economy.
Within Middle East and North
Africa (MENA), Qatar ranked 17th, followed by
Kingdom of Saudi Arabia ranked 21st, United Arab
Emirates (UAE) ranked 25th, Kuwait 35th, and Bahrain
37th. The (MENA) region, experienced a down turn
with average growth rate falling from 6.1 2008 to
2.2 in 2009 during the global economical crisis.
However, MENA was less affected by the down turn
than some other regions because it maintained weak
enter-linkages with the global market, where Morocco
(75), Libya (100) and Algeria (86).
The global competitive report
is being released at a time when the global economy
continues to be characterized by significant
uncertainty, while emerging economics have bounced
back to healthy growth. Advances economies still
face difficulties such as persisting unemployment,
weak demand and spiraling debt. IMF, predicted
growth of (6.25%) for emerging markets, (2.25%) for
advanced economics. |
