the economist global city competitiveness index

Thus, the GCI separates countries into three specific stages: factor-driven, efficiency-driven, and innovation-driven, each implying a growing degree of complexity in the operation of the economy. In addition, what creates productivity in Sweden is necessarily different from what drives it in Ghana. The report notes that as a nation develops, wages tend to increase, and that in order to sustain this higher income, labor productivity must improve for the nation to be competitive. Respondent numbers have increased every year and is currently just over 13,500 in 142 countries (2010). One part of the report is the Executive Opinion Survey, which is a survey of a representative sample of business leaders in their respective countries. The variables are organized into twelve pillars, with each pillar representing an area considered as an important determinant of competitiveness. It is made up of over 110 variables, of which two thirds come from the Executive Opinion Survey, and one third comes from publicly available sources such as the United Nations. Since 2004, the report ranks the world's nations according to the Global Competitiveness Index, based on the latest theoretical and empirical research. 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.' Description This in turn depends on how productively a country uses available resources. The report 'assesses the ability of countries to provide high levels of prosperity to their citizens'. The Global Competitiveness Index integrates the macroeconomic and the micro/business aspects of competitiveness into a single index. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the microeconomic ranks were based on Michael Porter's Business Competitiveness Index. Between 20, the Global Competitiveness Report ranked countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. The Global Competitiveness Report ( GCR) was a yearly report published by the World Economic Forum. ( June 2019) ( Learn how and when to remove this template message)

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The economist global city competitiveness index