For example, Human Development Index (HDI) is prepared by UNDP as part of Human Development Report. These data may be derived from any number of sources. Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according to data from the World Economic Forum’s Global Competitiveness Report 2017-2018. For 2017, Switzerland was ranked 1 whereas Yemen, Rep. was the country with the lowest. Hong Kong SAR is ranked 3rd, Netherlands is 4th and Switzerland is ranked 5th. The score is given between 0 and 100. Spain, France, Germany, Japan and the Average Total factor productivity (TFP) annual growth rate was 1 percent for advanced economies and 2.8 percent for emerging and developing economies. Key Points. These reports are most important in exam point of perspective. The Global competitiveness rankings are mentioned below in comparison to their 2018 rankings: Read more about G7 at the linked article. About The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk. Read more about ASEAN in the linked article. The Global Competitiveness Report is published by the-(a) International Monetary Fund (b) United Nations Conference on Trade and Development (c) World Economic Forum (d) World Bank. (More the score, better the rank.). Best current affairs & GK article on 2017 Global Competitiveness Index व श व आर थ क म च (World Economic Forum) द व र 17 अक ट बर, 2018 क ज र ‘व श व क प रत स पर ध स चक क’ 2018 (Global Competitiveness Index 2018: GCI 4.0) म भ रत क 58व र क ग 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. The report showed that several economies with strong innovation capability like Korea, Japan and France, or increasing capability, like China, India and Brazil, must improve their talent base and their labour markets. Q. The rate of extreme poverty reduction is decreasing. The countries are ranked in the GCI with the determinants of long-term growth. Global Competitiveness Report 2020 & Global Competitiveness Index 2020 – UPSC Notes:-Download PDF Here, Your email address will not be published. The Global Talent Competitiveness Index (GTCI) is a firmly established global benchmark for issues related to talent competitiveness and the future of work. The country with the highest improvement across the globe is Vietnam. India has been ranked 39th among the 138 countries in the 2016-17 Global Competitiveness Index (GCI). From UPSC perspective, the following things are important : Mains level : Ease of doing business in India, India ranked second for shareholder governance. The Global Competitiveness Index (GCI) was launched in 1979. The annual Global Competitiveness Index (GCI) compiled by Geneva-based World Economic Forum (WEF) is released. South Asia Performance – India ranked at the top in the South Asia region followed by Sri Lanka. Your email address will not be published. Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index It was first launched in 1979. The Global Competitiveness Index 2019 ranks 140 countries on the basis of 98 indicators organised into 12 pillars. The index was released as part of the World Economic Forum’s (WEF) Global Competitiveness Report for 2016-17. Global Competitiveness Index . 13: Global Competitiveness Index 2016: WEF (World Economic Forum) 14: Global Competitiveness Report (GCR) WEF (World Economic Forum) 15: Global Corruption Report (GCR) GLOBAL COMPETITIVENESS INDEX GLOBAL COMPETITIVENESS INDEX – The latest edition of the Global Competitiveness Report ranks India at 68th position among 141 countries – that’s 10 ranks below its 2018 position in Santhosh Kumar. India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year). The World Economic Forum has released the Travel & Tourism Competitiveness Report and Index in september 2019. Singapore has become the world’s most competitive economy in 2019, pushing the U.S. to the second place. It maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. ... Gravitational Wave Observatory, Global Competitiveness Index, Global Gender Gap Index, International Religious Freedom Report and many more. Theme: “Trading for Development in Age of Global … TFP is the ratio of aggregate outputs to the aggregate inputs and is considered as the primary contributor to the GDP growth rate. Its latest rank is 80 out of 137 countries for 2017. Global Gender Gap Index for 2020: Key findings Globally, the average (population-weighted) distance completed to gender parity is at 68.6%, which is an improvement since last edition. The GTCI introduces the dimension of talent/human capital and its connection to competitiveness. LTD The presence of many competitive countries in Asia-Pacific makes this region the most competitive in the world, followed closely by Europe and North America. 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