Economic Development Indices Questions Medium
The Global Enabling Trade Report (GETR) is an annual report published by the World Economic Forum (WEF) that assesses the extent to which economies have developed the necessary factors and policies to facilitate international trade. It provides a comprehensive analysis of the enabling environment for trade and highlights the strengths and weaknesses of different countries in terms of their trade facilitation efforts.
The GETR evaluates countries based on various indicators such as market access, border administration, infrastructure, and operating environment. It also considers factors like the quality of transport and communication infrastructure, the efficiency of customs procedures, the ease of doing business, and the level of market openness.
The report aims to provide policymakers, businesses, and other stakeholders with valuable insights into the factors that contribute to successful trade facilitation and economic development. By identifying areas for improvement, countries can enhance their competitiveness and attract more foreign investment.
Overall, the Global Enabling Trade Report serves as a useful tool for assessing the enabling environment for trade and identifying areas where countries can focus their efforts to improve their economic development and integration into the global economy.