World Economic Forum: Azerbaijan has sharply deteriorated its Rating of Competitiveness
The World Economic Forum has published a new report on global competitiveness 2011-2012 entitled “Global Competitiveness Index 2012-2013”. Azerbaijan has sharply deteriorated its position taking the 70th place among 144 countries. While, in the last report for the 2009-2010 Azerbaijan was on the 51st place, the Azeri news agency Turan reports.
The traditional leaders and first places went to Norway (94.8), Switzerland (94.1), Canada (93.1), Sweden (92.9), Finland (92.5), Singapore (92.4), Luxembourg (91, 6), the Netherlands (90.8), Germany (89.8), and Australia (89.7). The rating was closed by Zimbabwe which was on 142nd place (5.3), Brunei Darussalam (0) and Puerto Rico (0).
The ratings are based on statistics with publicly available combinations and the results of a survey of company executives, an extensive annual survey conducted by the World Economic Forum together with its partners (leading research institutes and companies) in the countries covered in the Report.
The main rating in Global Competitiveness Report is the Global Competitiveness Index (GCI) which has been developed for the World Economic Forum by Professor Sala-i-Martin and has first been presented in 2004. GCI includes 12 pillars of competitiveness and is a universal assessment, a kind of "competitive landscape" of countries that are at different stages of economic development.
Azerbaijan showed the worst rates in the following spheres: Corruption 23.4, Access to financing 14.2, Inadequate supply of infrastructure 10.0, Tax rates 9.8, Inadequately educated workforce 8.9, Tax regulations 8.3, Inefficient government bureaucracy 7.4,Poor work ethic in national labor force 6.8.
“Pro-governmental media called the current results of Azerbaijan a progress, without indicating the direction of the progress,” Turan notes.
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