The Global Competitiveness Report 2010–2011

1 In its 30th year, The Global Competitiveness Report is published against the backdrop of the deepest Global economic slowdown in generations. Policymakers find themselves Schwab struggling to manage new challenges while preparing their economies to perform well in a future characterized by high uncertainty. The Global In such a difficult economic environment, it is more important than ever for countries to put into place the fundamentals underpinning growth and development. The Global Competitiveness Report series has, for the past three decades, facilitated this process by providing detailed analysis of the productive potential of nations worldwide.

2 The Competitiveness Report The Global Competitiveness Report 2010 2011 . Report offers policymakers, business executives, and academics as well as the public at large one of the world's most respected assessments of national Competitiveness , thus providing invaluable insights into the policies, institutions, and factors that enable robust economic development and long-term prosperity. Produced in collaboration with leading academics and a Global network of Partner Institutes, 2010 2011 . The Global Competitiveness Report 2009 2010 offers users a unique dataset on a broad array of Competitiveness indicators for 133 economies, which together account for more than 98 percent of the world's GDP.

3 The data used in the Report come from leading international sources as well as from the World Economic Forum's annual Executive Opinion Survey, which provides a distinctive source capturing the perceptions of several thousand business leaders on topics related to national Competitiveness . This year's edition presents the rankings of the Global Competitiveness Index (GCI), developed by Professor Xavier Sala-i-Martin and originally introduced in 2004. The GCI. is based on 12 pillars of Competitiveness , providing a comprehensive picture of the Competitiveness landscape in countries around the world at different stages of economic development.

4 The Report also contains detailed profiles highlighting competitive strengths and weaknesses for each of the 133 economies featured, as well as an extensive section of data tables displaying relative rankings for more than 100 variables. Klaus Schwab, World Economic Forum Cover design: Neil Weinberg Cover art: Getty Images;. Getty Images; iStock Photography; Getty Images ISBN-13: 978-92-95044-25-8. World Economic Forum Geneva, Switzerland 2010. Professor Klaus Schwab World Economic Forum Editor The Global Competitiveness Report 2010 2011 .

5 Professor Xavier Sala-i-Martin Columbia University Chief Advisor of the Centre for Global Competitiveness and Performance Members of the Global Competitiveness Report Advisory Board Dr Kemal Dervis Brookings Institution Vice-President and Director, Global Economy and Development Professor Ricardo Hausmann Harvard University Director, Center for International Development, John F. Kennedy School of Government Dr Felipe Larra n Bascu n Minister of Finance of Chile Dr Mari Elka Pangestu Minister of Trade of Indonesia The Global Competitiveness Report 2010- 2011 2010 World Economic Forum The Global Competitiveness Report World Economic Forum 2010 2011 is published by the World Geneva Economic Forum within the framework of the Centre for Global Competitiveness and Copyright 2010.

6 Performance by the World Economic Forum All rights reserved. No part of this publication Professor Klaus Schwab may be reproduced, stored in a retrieval Executive Chairman system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, Professor Xavier Sala-i-Martin or otherwise without the prior permission of Chief Advisor of the Centre for Global the World Economic Forum. Competitiveness and Performance ISBN-13: 978-92-95044-87-6. Robert Greenhill ISBN-10: 92-95044-87-8. Chief Business Officer This book is printed on paper suitable for CENTRE FOR Global Competitiveness AND PERFORMANCE.

7 Recycling and made from fully managed and Jennifer Blanke, Director, Lead Economist, sustained forest sources. Head of the Centre for Global Competitiveness and Performance Printed and bound in Switzerland by SRO-Kundig. Margareta Drzeniek Hanouz, Director, Senior Economist Irene Mia, Director, Senior Economist Thierry Geiger, Associate Director, Economist Ciara Browne, Associate Director Pearl Samandari, Community Manager Eva Trujillo Herrera, Research Assistant Carissa Sahli, Coordinator We thank Hope Steele for her superb editing work and Neil Weinberg for his excellent graphic design and layout.

8 We are grateful to Miriam Poretti for her invaluable research assistance. The terms country and nation as used in this Report do not in all cases refer to a territorial entity that is a state as understood by inter- national law and practice. The terms cover well-defined, geographically self-contained economic areas that may not be states but for which statistical data are maintained on a separate and independent basis. The Global Competitiveness Report 2010- 2011 2010 World Economic Forum Contents Partner Institutes v Part 2: Data Presentation 67.

9 Preface xi Country/Economy Profiles 69. by Klaus Schwab How to Read the Country/Economy Profiles ..71. List of Countries/Economies ..73. Country/Economy Profiles ..74. Part 1: Measuring Competitiveness 1 Data Tables 353. How to Read the Data Index of Data Tables ..357. The Global Competitiveness Index 2010 2011 : 3 Data Tables ..359. Looking Beyond the Global Economic Crisis by Xavier Sala-i-Martin, Jennifer Blanke, Margareta Drzeniek Hanouz, Thierry Geiger, and Irene Mia Technical Notes and Sources 495. The Executive Opinion Survey: The Business 57 About the Authors 499.

10 Executives' Insight into their Operating Environment by Ciara Browne and Thierry Geiger Acknowledgments 501. The Global Competitiveness Report 2010- 2011 2010 World Economic Forum The Global Competitiveness Report 2010- 2011 2010 World Economic Forum Partner Institutes Partner Institutes The World Economic Forum's Centre for Global Bangladesh Centre for Policy Dialogue (CPD). Competitiveness and Performance is pleased to Khondaker Golam Moazzem, Senior Research Fellow acknowledge and thank the following organizations Kazi Mahmudur Rahman, Senior Research Associate as its valued Partner Institutes, without which the Mustafizur Rahman, Executive Director realization of The Global Competitiveness Report Barbados 2010 2011 would not have been feasible: Arthur Lewis Institute for Social and Economic Studies, University of West Indies (UWI).