World Economic Forum - Essay Example

World Economic Forum What are does the WEF mean by 'competitive' The World Economic Forum (WEF), defines 'competitive' as a country's ability to use the forces and factors such as policies and institutions which contribute to and drive a countries ability to sustain and increase productivity. The WEF considers these factors important to a country's ability to ensure continued economic growth and increasing the economic prosperity of the population.What are the three pillars that make up the Growth Competitive IndexThe three pillars that comprise the Growth Competitive Index (GCI) are as follows:The quality of the Macroeconomic EnvironmentThe state of the country's Public InstitutionsThe level of its Technological Readiness The three pillars take into account educational enrollment, performance of the economy, inflation, public finances, and the state of technology and its availability.

There are 8 MENA countries listed in Tables 1 and 2. List them and their rank numbers in rank order. Country1 .CGI RankUnited Arab Emirates 18Qatar 19Kuwait 33Bahrain .37Tunisia . 40 Jordan .. 45 Egypt .. 53Morocco.76Algeria781. Countries referenced from Creane, Goyal, Mobarak, & Sab, 2004BibliographyLopez-Carlos, A., Executive Summary, World Economic ForumCreane, S., Goyal, R., Mobarak, A.M., & Sab, R.2004, Financial Sector Development in the Middle East and North Africa [online], http://www.imf.org/external/pubs/ft/wp/2004/wp04201.

pdf , 18 Mar. 2006.