Last Update 22:8
Egypt falls for 4th year in Global Competitiveness Report
Egypt ranked in lowest quartile of 2013-14 Global Competitiveness Index as political instability and weak security prevail
Ahram Online , Wednesday 2 Oct 2013
Share/Bookmark
Views: 567
Suleiman Gohar market
A fruit vendor waits for customers at Suleiman Gohar market in Dokki district in Cairo (Photo: AP)

Egypt’s ranking in the Global Competitiveness Index of the World Economic Forum has fallen for the 4th consecutive year.

In the 2013-2014 Global Competitiveness Index (GCI), the country slid to 118th position from 107 last year, falling from 3.7 to 3.63 points, to be placed in the lowest quartile of 148 countries included in the report.

"The deteriorating security situation and tenacious political instability are undermining the country’s competitiveness and its potential for growth," according to the authors of the World Competitiveness report. 

The report defines competitiveness by the institutions, policies, and factors that determine the level of productivity of a country. 

Evaluation of each country is based on its performance across three sub-indices (‘basic requirements’, ‘efficiency enhancers’ and ‘innovation and sophistication factors’), divided further into 12 categories.

Deterioration this year is largely attributed to the pillars of basic requirements and efficiency enhancers.

Efficiency enhancers reflect Egypt's poor performance in higher education and training, the efficiency of goods, labour and financial markets, as well as the level of technological expertise.  



Search Keywords:


Short link:

 

Email
 
Name
 
Comment's Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 4000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
1



Noura
02-10-2013 11:01pm
0-
0+
Sisi & prosperity = oxymoron
Egypt can't have prosperity and Sisi: Economic prosperity and military fascism are oxymoron.
Email
 
Name
 
Comment's Title
 
Comment

© 2010 Ahram Online. Advertising