Tunisia is the highest-ranking new entrant on the Global Competitiveness Report 2002, issued by the World Economic Forum. The North African state ranked 34th on the growth competitiveness index (GCI) and 32 on the microeconomic competitiveness index (MICI).
According to the report Tunisia owes its ranking to moderately good performance on macroeconomic environment variables and especially to good public institutions. It is ranked just above Greece, Italy and France on the GCI and Poland, the Czech Republic and India on the MICI.
Morocco was also new on the ranking scheme, coming in at 55 on the GCI and 48 on the MICI. Turkey’s GCI ranking dropped to 69 in 2002 as a result of the severe financial crisis that has caused real output to shrink dramatically.
The Global Competitiveness Report employs two complementary approaches to the analysis of competitiveness. Covering 80 countries, the (GCI) represents an estimate of the underlying prospects for growth over the next five to eight years.
The Report’s second approach, MICI uses microeconomic indicators to measure the set of institutions, market structures, and economic policies supportive of high current levels of prosperity, referring mainly to an economy’s effective utilization of its current stock of resources. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
