BSS, Dhaka :
Bangladesh has moved a step forward in global competitiveness rankings for better performance in the fields like infrastructure and institutional capacity building.
The country has been ranked 106th in the Global Competitiveness Report 2016-17-one notch up from last year’s 107th position. The report that was released in Bangladesh yesterday covered 138 countries.
Centre for Policy Dialogue (CPD), which has carried out a opinion survey on behalf of the Geneva-based World Economic Forum (WEF) on global competitiveness index (GCI), said Bangladesh has made considerable progress in institutions and infrastructure pillars. “Bangladesh has advanced mainly due to better performance in the area of institutions and infrastructure,” Dr Khondaker Golam Moazzem, additional director of the (CPD), said at the report- launching programme.
However, deterioration is observed in few indicators – health and primary education and financial market sophistication. Rank of labour market efficiency pillar has improved but the score declined compared to that in the last year. “Overall score has improved but Bangladesh is still underperformer in the basic requirement sub-index,” said Dr Moazzem.
Highlighting the opinion of the business community, he said Bangladesh needs to give more attention to infrastructure, human resource, good governance, institutional capacity building and stability of the financial sector for achieving middle income country status. “We are now a lower middle country. We have to increase our capacity of competitiveness to achieve our target of becoming middle income country,” said CPD’s executive director Dr Mustafizur Rahman.
The GCI is based on 12 pillars under three sub-indices. Some 113 different aspects and issues are measured in the index. Each of them is measured with a score ranging from minimum 1 to maximum 7.
Switzerland topped the index for the 8th consecutive year, followed by Singapore, the United States, Germany and the Netherlands. Among the members of the South Asian Association for Regional Cooperation (SAARC) India advanced to 39th from 55th. Nepal stood at 98th (up one), Bhutan at 97th (up eight) and Pakistan, the weakest performer, at 122nd.
Bangladesh has moved a step forward in global competitiveness rankings for better performance in the fields like infrastructure and institutional capacity building.
The country has been ranked 106th in the Global Competitiveness Report 2016-17-one notch up from last year’s 107th position. The report that was released in Bangladesh yesterday covered 138 countries.
Centre for Policy Dialogue (CPD), which has carried out a opinion survey on behalf of the Geneva-based World Economic Forum (WEF) on global competitiveness index (GCI), said Bangladesh has made considerable progress in institutions and infrastructure pillars. “Bangladesh has advanced mainly due to better performance in the area of institutions and infrastructure,” Dr Khondaker Golam Moazzem, additional director of the (CPD), said at the report- launching programme.
However, deterioration is observed in few indicators – health and primary education and financial market sophistication. Rank of labour market efficiency pillar has improved but the score declined compared to that in the last year. “Overall score has improved but Bangladesh is still underperformer in the basic requirement sub-index,” said Dr Moazzem.
Highlighting the opinion of the business community, he said Bangladesh needs to give more attention to infrastructure, human resource, good governance, institutional capacity building and stability of the financial sector for achieving middle income country status. “We are now a lower middle country. We have to increase our capacity of competitiveness to achieve our target of becoming middle income country,” said CPD’s executive director Dr Mustafizur Rahman.
The GCI is based on 12 pillars under three sub-indices. Some 113 different aspects and issues are measured in the index. Each of them is measured with a score ranging from minimum 1 to maximum 7.
Switzerland topped the index for the 8th consecutive year, followed by Singapore, the United States, Germany and the Netherlands. Among the members of the South Asian Association for Regional Cooperation (SAARC) India advanced to 39th from 55th. Nepal stood at 98th (up one), Bhutan at 97th (up eight) and Pakistan, the weakest performer, at 122nd.
