Global Competitiveness Index (GCI) 2013-2014 Rankings for Asia and Pacific Countries and Evaluation of Competition Indicators for Pakistan

" Abstract This paper presents Global Competitiveness Index (GCI) 2013-2014 Rankings for Asia and Pacific Countries. The Global Competitiveness Index 2013-2014 developed by World Economic Forum (WEF) ranked 148 countries on 114 indicators grouped into 12 pillars of economic competitiveness, which included metrics on institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation. Among the Asian economies, Singapore (2nd), Hong Kong (7th), Japan (9th) and Taiwan (12th) are featured in the top 20 of the rankings of 148 economies. Pakistan has been ranked among the bottom 20 of the 148 economies around the world in the Global Competitiveness Index (GCI) 2013-2014. Pakistan lacks a long-term view of competitiveness and ranked at 133rd among 148 other countries on the index. Pakistan’s secured ranking on 12 pillars: institutions (123), infrastructure (121), macroeconomic environment (145), Health and Primary Education (128), Higher Education and Training (129), Goods Market Efficiency (103), Labour Market Efficiency (138), Financial Market Development (67), Technological Readiness (118), Market Size (30), Business Sophistication (85), and Innovation (77). "