05:28
rwandaexpress
The annual Global Competitive Index says the virtually non-existent levels of corruption are “an outcome that is certainly related to the government’s non-tolerance policy”.
For three consecutive years, Rwanda has again remained the most competitive economy compared to the four partners in the East African Community, the World Economic Forum (WEF) says in the latest 2013 Global Competitive Index (GCI).
Rwanda moves up by seven places this year to 63rd position, but also continuing to place third in the sub- Saharan African region, says the report released Wednesday in Geneva.
South Africa remained top competitive African economy (52nd) as well as Mauritius (54th), followed by Rwanda (63rd), Morocco (70th), Seychelles (76th) and Botswana (79th).
“As do the other comparatively successful African countries, Rwanda benefits from strong and relatively well-functioning institutions, with very low levels of corruption… and a good security environment,” reads the report in part on page 41.
“Its labor markets are efficient, its financial markets are relatively well developed, and Rwanda is characterized by a capacity for innovation that is quite good for a country at its stage of development.”
The annual Global Competitive Index says the virtually non-existent levels of corruption are “an outcome that is certainly related to the government’s non-tolerance policy”.
However, the World Economic Forum says Rwanda faces some serious challenges. “The greatest challenges facing Rwanda in improving its competitiveness are the state of the country’s infrastructure, its low secondary and university enrollment rates, and the poor health of its workforce,” said the report.
Globally, Switzerland, for the fourth consecutive year, tops the overall rankings in The Global Competitiveness Report 2012-2013. Singapore remains in second position and Finland in third position, overtaking Sweden (4th).
The large emerging market economies (BRICS) display different performances. Despite a slight decline in the rankings of three places, the People’s Republic of China (29th) continues to lead the group.
“Persisting divides in competitiveness across regions and within regions, particularly in Europe, are at the origin of the turbulence we are experiencing today, and this is jeopardizing our future prosperity.” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum, in a statement.
“We urge governments to act decisively by adopting long-term measures to enhance competitiveness and return the world to a sustainable growth path.”
Xavier Sala-i-Martin, Professor of Economics, Columbia University, USA, said: “The Global Competitiveness Index provides a window on the long-term trends that are shaping the competitiveness of the world’s economies.”
“In this light, we believe it offers useful insight into the key areas where countries must act if they are to optimize the productivity that will determine their economic future.”
0 comments:
Post a Comment