Bangladesh in Global Competitiveness Report 2007-2008

April 4, 2008

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‘The Global Competitiveness Report’ is a publication of World Economic Forum.

‘The Global Competitiveness Report has evolved over the last 3 decades into world most comprehensive and respected assessment of countries competitiveness, offering insight into the policies, institutions and factors driving productivity & then, enabling sustained economic growth and long term prosperity’.

‘Produced in collaboration with leading academicians and global network of research institutions the Global Competitiveness Report provides users with competitiveness indicators for a large numbers of industrialized and developing economies’.

This year edition features a record 131 economies, accounting for more than 98% of the world GDP.

Besides hard data from the leading institutional source, indicators include results of the executive opinion surveyed by the World Economic Forum annually. The survey covered perception of several thousand business leaders on topics related to national competitiveness.

The parameters which were considered in Basic Requirements are institutions, infrastructures, macroeconomic stability, health and primary education; in Efficiency Enhancers higher education and training, goods market efficiency, labour market efficiency, financial market sophistication, technological readiness, market size and in Innovation and Business sophistication are business sophistication and innovation

Global Competitiveness ranking:

Seven best in the world:

	Rank	Score
USA	1	5.67
Switzerland	2	5.62
Denmark	3	5.55
Sweden	4	5.54
Germany	5	5.51
Finland	6	5.49
Singapore	7	5.45

Asia’s best:

Singapore	7	5.45
Japan	8	5.43
Korea	11	5.40
Taiwan	14	5.25
Malaysia	21	5.10
China	34	4.57
Saudi Arabia	35	4.55

Standing of the SAARC countries:

India	48	4.33
Sri Lanka	70	3.99
Pakistan	92	3.77
Bangladesh	107	3.55
Nepal	114	3.38

Performance of Bangladesh:

Bangladesh ranked 107^th out of 131 countries in 2007-2008. It was 92^nd position out of 122 countries in 2006-2007.

The performance of Bangladesh in different parameters are as follows:

Basic requirements		111
1^st pillar	Institution	126
2^nd pillar	Infrastructure	120
3^rd pillar	Macroeconomic stability	87
4^th pillar	Heath & primary education	105

Efficiency enhancers		91
5^th pillar	Higher education & training	126
6^th pillar	Goods market efficiency	93
7^th pillar	Labor market efficiency	76
8^th pillar	Financial sophistication	75
9^th pllar	Technological readiness	125
10^th pillar	Market size	75

Innovation and sophistication		111
11^th pillar	Business sophistication	102
12^th pillar	Innovation	117

Manpower in Bangladesh

Bangladesh in Global Competitiveness Report 2007-2008

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