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The Global Competitiveness Report 2011–2012

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The Global

Competitiveness Report

2011-2012Klaus Schwab, World Economic Forum

The Global Competitiveness Report

2011-2012Schwab The Global Competitiveness Report 2011-2012 © 2011 World Economic Forum

The Global

Competitiveness Report

2011-2012

Professor Xavier Sala-i-Martin

Columbia University

Chief Advisor of the Centre for Global Competitiveness and Performance

World Economic Forum

Geneva, Switzerland 2011

Professor Klaus Schwab

World Economic Forum

EditorThe Global Competitiveness Report 2011-2012 © 2011 World Economic Forum

The Global Competitiveness Report 2011-

2012 is published by the World Economic 2012 is published by the World Economic 2012

Forum within the framework of the Centre for

Global Competitiveness and Performance

Professor Klaus Schwab

Executive Chairman

Professor Xavier Sala-i-Martin

Chief Advisor of the Centre for Global

Competitiveness and Performance

Robert Greenhill

Chief Business Officer

CENTRE FOR GLOBAL COMPETITIVENESS AND PERFORMANCE

Jennifer Blanke, Senior Director, Lead

Economist, Head of the Centre for Global

Competitiveness and Performance

Beñat Bilbao-Osorio, Associate Director,

Economist

Roberto Crotti, Junior Quantitative

Economist

Margareta Drzeniek Hanouz, Director,

Senior Economist

Brindusa Fidanza, Associate Director,

Environmental Initiatives

Thierry Geiger, Associate Director,

Economist

Ciara Browne, Associate Director

Pearl Samandari, Community Manager

Satu Kauhanen, Coordinator

We thank Hope Steele for her superb edit-

ing work and Neil Weinberg for his excellent graphic design and layout. We are grateful to

Djemila Zouyene for her invaluable research

assistance. The terms country and country and countrynation as used in this report do not in all cases refer to a territorial

entity that is a state as understood by inter-entity that is a state as understood by inter-entity that is a state as understood by inter

national law and practice. The terms cover well-dened, geographically self-contained economic areas that may not be states but for which statistical data are maintained on a separate and independent basis.

World Economic Forum

Geneva

Copyright © 2011

by the World Economic Forum

All rights reserved. No part of this publication

may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means,

electronic, mechanical, photocopying, or other-electronic, mechanical, photocopying, or other-electronic, mechanical, photocopying, or other

wise without the prior permission of the World

Economic Forum.

ISBN-13: 978-92-95044-74-6

ISBN-10: 92-95044-74-6

This book is printed on paper suitable for

recycling and made from fully managed and sustained forest sources.

Printed and bound in Switzerland by SRO-Kundig.The Global Competitiveness Report 2011-2012 © 2011 World Economic Forum

Contents

Partner Institutesv

Prefacexiii

by Klaus Schwab and Robert Greenhill

Part I: Measuring Competitiveness

1

1.1 The Global Competitiveness Index 2011-2012: 3

Setting the Foundations for Strong Productivity

by Xavier Sala-i-Martin, Beñat Bilbao-Osorio, Jennifer Blanke,

Margareta Drzeniek Hanouz, and Thierry Geiger

1.2 The Long-Term View: Developing a Framework for51

Assessing Sustainable Competitiveness

by Jennifer Blanke, Roberto Crotti, Margareta Drzeniek Hanouz,

Brindusa Fidanza, and Thierry Geiger

1.3 The Executive Opinion Survey: An Indispensable 75

Tool in the Assessment of National Competitiveness by Ciara Browne and Thierry Geiger

Part 2: Data Presentation

85

2.1 Country/Economy Profiles87

How to Read the Country/Economy Profiles................................89 List of Countries/Economies.........................................................91 Country/Economy Profiles.............................................................92

2.2 Data Tables377

How to Read the Data Tables.....................................................379 Index of Data Tables...................................................................381 Data Tables........................................................................ ..........383

Technical Notes and Sources521

About the Authors525

Acknowledgments527The Global Competitiveness Report 2011-2012 © 2011 World Economic Forum The Global Competitiveness Report 2011-2012 © 2011 World Economic Forum

Partner Institutes

v

Partner Institutes

The World Economic Forum's Centre for Global

Competitiveness and Performance is pleased to

acknowledge and thank the following organizations as its valued Partner Institutes, without which the realization of The Global Competitiveness Report 2011-

2012 would not have been feasible:

Albania

Institute for Contemporary Studies (ISB)

Artan Hoxha, President

Elira Jorgoni, Senior Expert and Project Manager

Denalada Kuzumi, Researcher

Algeria

Centre de Recherche en Economie Appliquée pour le

Développement (CREAD)

Youcef Benabdallah, Assistant Professor

Yassine Ferfera, Director

Angola

MITC Investimentos

Estefania Jover, Senior Adviser

South Africa-Angola Chamber of Commerce (SA-ACC)

Roger Ballard-Tremeer, Hon Chief Executive

Argentina

IAE - Universidad Austral

Cristian Alonso, Project Manager

Eduardo Luis Fracchia, Professor

Armenia

Economy and Values Research Center

Manuk Hergnyan, Chairman

Sevak Hovhannisyan, Board Member and Senior Associate

Gohar Malumyan, Research Associate

Australia

Australian Industry Group

Carola Lehmer, Senior Research Coordinator

Heather Ridout, Chief Executive

Nikki Wilson, Administrative Assistant

Austria

Austrian Institute of Economic Research (WIFO)

Karl Aiginger, Director

Gerhard Schwarz, Coordinator, Survey Department

Azerbaijan

Azerbaijan Marketing Society

Fuad Aliyev, Project Manager

Ashraf Hajiyev, Consultant

Bahrain

Bahrain Competitiveness Council, Bahrain Economic

Development Board

Nada Azmi, Manager, Economic Planning and Development

Mohammed bin Essa Al-Khalifa, Chief Executive

Maryam Matter, Coordinator, Economic Planning and

Development

Bangladesh

Centre for Policy Dialogue (CPD)

Mustafizur Rahman, Executive Director

Khondaker Golam Moazzem, Senior Research Fellow

Kishore Kumer Basak, Research Associate

Barbados

Arthur Lewis Institute for Social and Economic Studies,

University of West Indies (UWI)

Andrew Downes, Director

Belgium

Vlerick Leuven Gent Management School

Priscilla Boairdi, Associate, Competence Centre

Entrepreneurship, Governance and Strategy

Wim Moesen, Professor

Leo Sleuwaegen, Professor, Competence Centre

Entrepreneurship, Governance and Strategy

Benin

CAPOD - Conception et Analyse de Politiques de

Développement

Epiphane Adjovi, Director

Maria-Odile Attanasso, Deputy Coordinator

Fructueux Deguenonvo, Researcher

Bosnia and Herzegovina

MIT Center, School of Economics and Business in Sarajevo,

University of Sarajevo

Zlatko Lagumdzija, Professor

Zeljko Sain, Executive Director

Jasmina Selimovic, Assistant Director

Botswana

Botswana National Productivity Centre

Letsogile Batsetswe, Research Consultant and Statistician

Parmod Chandna, Acting Executive Director

Phumzile Thobokwe, Manager, Information and Research

Services Department

Brazil

Fundação Dom Cabral

Marina Araújo, Economist and Researcher, The

Competitiveness and Innovation Center

Carlos Arruda, Executive Director, International Advisory

Council and Professor, The Competitiveness and

Innovation Center

Fabiana Madsen, Economist and Researcher, The

Competitiveness and Innovation Center

Movimento Brasil Competitivo (MBC)

Erik Camarano, Director President

Nikelma Moura, Communications Assistant

Tatiana Ribeiro, Project Coordinator

Brunei Darussalam

Ministry of Industry and Primary Resources

Pehin Dato Yahya Bakar, Minister

Dato Dr Amin Abdullah, Permanent Secretary

Bulgaria

Center for Economic Development

Anelia Damianova, Senior ExpertThe Global Competitiveness Report 2011-2012 © 2011 World Economic Forum

Partner InstitutesPartner Institutes

vivivi

Burkina Faso

lnstitut Supérieure des Sciences de la Population (ISSP),

University of Ouagadougou

Samuel Kabore, Economist and Head of Development

Strategy and Population Research

Burundi

University Research Centre for Economic and Social Development (CURDES), National University of Burundi

Banderembako Deo, Director

Gilbert Niyongabo, Dean, Faculty of Economics &

Management

Cambodia

Economic Institute of Cambodia

Sok Hach, President

Seiha Neou, Research Manager

Sokheng Sam, Researcher

Cameroon

Comité de Compétitivité (Competitiveness Committee)

Lucien Sanzouango, Permanent Secretary

Canada

The Conference Board of Canada

Michael R. Bloom, Vice-President, Organizational

Effectiveness & Learning

Anne Golden, President and Chief Executive Officer

P. Derek Hughes, Senior Research Associate

Cape Verde

INOVE RESEARCH - Investigação e Desenvolvimento, Lda

Sara Mendes, Senior Researcher

Júlio Delgado, Partner and Senior Researcher

Frantz Tavares, Partner and Chief Executive Officer Chad Groupe de Recherches Alternatives et de Monitoring du

Projet Pétrole-Tchad-Cameroun (GRAMP-TC)

Antoine Doudjidingao, Researcher

Gilbert Maoundonodji, Director

Celine Nénodji Mbaipeur, Programme Officer

Chile

Universidad Adolfo Ibáñez

Fernando Larrain Aninat, Director of the Master in Management and Public Policy, School of Government

Camila Chadwick, Project Coordinator

Leonidas Montes, Dean, School of Government

China

Institute of Economic System and Management

National Development and Reform Commission

Zhou Haichun, Deputy Director and Professor

Chen Wei, Research Fellow

Dong Ying, Professor

China Center for Economic Statistics Research,

Tianjin University of Finance and Economics

Lu Dong, Professor

Hongye Xiao, Professor

Bojuan Zhao, Professor

Huazhang Zheng, Associate Professor

Colombia

National Planning Department

Alvaro Edgar Balcazar, Entrepreneurial Development Director

Hernando José Gómez, General Director

Nelson Fabián Villareal Rincón, Advisor

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