Economic Development Indices Questions
The Global Competitiveness Index (GCI) is a measure developed by the World Economic Forum (WEF) to assess the competitiveness of countries and their ability to achieve sustainable economic growth. It takes into account various factors such as institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation. The GCI provides a comprehensive assessment of a country's competitiveness and is widely used by policymakers, businesses, and researchers to compare and analyze the economic development of different nations.