Gci - India, China

In: Business and Management

Submitted By anila
Words 1481
Pages 6
A Short Report
On
EFFICIENCY ENHANCERS SUB INDEX (Comparison between INDIA and CHINA )

Submitted by P.Anila

INTRODUCTION

The Global Competitiveness Index (GCI) every year report will published by the World Economic Forum. The first report was released in 1979. The 2009-2010 report covers 133 major and emerging economies, down from 134 considered in the 2008-2009 report as Moldova was excluded due to lack of survey data.
Switzerland leads the ranking as the most competitive economy in the world, as the United States, which ranked first for several years, fell to fourth place due to the consequences of the financial crisis of 2007–2010 and its macroeconomic instability. China continues its relative rise in the rankings reaching 27th.
The report "assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.
The WEF defines competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country. More competitive economies tend to be able to produce higher level of income for their citizens.
Global Competitiveness shows the ability of a country to compete with the rest of the world, It helps the countries/firms to gain consumers’ confidence by offering better quality of goods and services at lower prices, To gain maximum profits with minimum cost when there is strict global competition. In this process, innovation and creativity in the form of business sophistication are the vital tools.
Competitiveness has many…...

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