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World Economic Forum: Azerbaijan has sharply deteriorated its Rating
of Competitiveness
16:24 23/02/2013 » ECONOMY
The World Economic Forum has published a new report on global
competitiveness 2011-2012 entitled `Global Competitiveness Index
2012-2013'. Azerbaijan has sharply deteriorated its position taking
the 70th place among 144 countries. While, in the last report for the
2009-2010 Azerbaijan was on the 51st place, the Azeri news agency
Turan reports.
The traditional leaders and first places went to Norway (94.8),
Switzerland (94.1), Canada (93.1), Sweden (92.9), Finland (92.5),
Singapore (92.4), Luxembourg (91, 6), the Netherlands (90.8), Germany
(89.8), and Australia (89.7). The rating was closed by Zimbabwe which
was on 142nd place (5.3), Brunei Darussalam (0) and Puerto Rico (0).
The ratings are based on statistics with publicly available
combinations and the results of a survey of company executives, an
extensive annual survey conducted by the World Economic Forum together
with its partners (leading research institutes and companies) in the
countries covered in the Report.
The main rating in Global Competitiveness Report is the Global
Competitiveness Index (GCI) which has been developed for the World
Economic Forum by Professor Sala-i-Martin and has first been presented
in 2004. GCI includes 12 pillars of competitiveness and is a universal
assessment, a kind of "competitive landscape" of countries that are at
different stages of economic development.
Azerbaijan showed the worst rates in the following spheres: Corruption
23.4, Access to financing 14.2, Inadequate supply of infrastructure
10.0, Tax rates 9.8, Inadequately educated workforce 8.9, Tax
regulations 8.3, Inefficient government bureaucracy 7.4,Poor work
ethic in national labor force 6.8.
`Pro-governmental media called the current results of Azerbaijan a
progress, without indicating the direction of the progress,' Turan
notes.
Source: Panorama.am
of Competitiveness
16:24 23/02/2013 » ECONOMY
The World Economic Forum has published a new report on global
competitiveness 2011-2012 entitled `Global Competitiveness Index
2012-2013'. Azerbaijan has sharply deteriorated its position taking
the 70th place among 144 countries. While, in the last report for the
2009-2010 Azerbaijan was on the 51st place, the Azeri news agency
Turan reports.
The traditional leaders and first places went to Norway (94.8),
Switzerland (94.1), Canada (93.1), Sweden (92.9), Finland (92.5),
Singapore (92.4), Luxembourg (91, 6), the Netherlands (90.8), Germany
(89.8), and Australia (89.7). The rating was closed by Zimbabwe which
was on 142nd place (5.3), Brunei Darussalam (0) and Puerto Rico (0).
The ratings are based on statistics with publicly available
combinations and the results of a survey of company executives, an
extensive annual survey conducted by the World Economic Forum together
with its partners (leading research institutes and companies) in the
countries covered in the Report.
The main rating in Global Competitiveness Report is the Global
Competitiveness Index (GCI) which has been developed for the World
Economic Forum by Professor Sala-i-Martin and has first been presented
in 2004. GCI includes 12 pillars of competitiveness and is a universal
assessment, a kind of "competitive landscape" of countries that are at
different stages of economic development.
Azerbaijan showed the worst rates in the following spheres: Corruption
23.4, Access to financing 14.2, Inadequate supply of infrastructure
10.0, Tax rates 9.8, Inadequately educated workforce 8.9, Tax
regulations 8.3, Inefficient government bureaucracy 7.4,Poor work
ethic in national labor force 6.8.
`Pro-governmental media called the current results of Azerbaijan a
progress, without indicating the direction of the progress,' Turan
notes.
Source: Panorama.am