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Egypt in GCR; 10-11 - 18092010
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Egypt in GCR; 10-11 - 18092010

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Egypt Competitiveness Rankings according to World Economic Forum 2010-2011 Global Competitiveness Report

Egypt Competitiveness Rankings according to World Economic Forum 2010-2011 Global Competitiveness Report


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  • 1. Egypt in The Global Competitiveness Report 2010-2011
    Egypt Rankings
    September 2010
    Cairo
    1
  • 2. Introduction
    2
  • 3. The World Economic Forum (WEF)
    The WEF is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape the global, regional and industry agendas.
    The WEF Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. The World Economic Forum is under the supervision of the Swiss Federal Government, Established in 1971 with its headquarters in Geneva, Switzerland, with offices in New York and Beijing.
    3
  • 4. Global Competitiveness Reports (GCR)
    Flagship product: The Global Competitiveness Report:
    Launched in 1979 covering 16 countries; it has since
    Expanded its coverage to 133 countries.
    Editor: Professor Klaus Schwab
    1979
    4
  • 5. Global Competitiveness Reports (GCR)
    The GCR’s Goal is to provide a benchmarking tool for policy-makers and business leaders
    The Global Competitiveness Report assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.
    5
  • 6. The Global Competitiveness Report (GCR)
    Data sources
    Use of hard data (publicly available information) and survey data (from the Executive Opinion Survey)
    TheExecutiveOpinion Survey records the perspectives of business leaders around the world; survey data is indispensable, particularly for dimensions where no reliable hard data sources exist
    6
  • 7. The Global Competitiveness Index (GCI)
    Definition:
    The Global Competitiveness Index (GCI) is a new, more comprehensive tool to assess competitiveness of nations.
    Developed for the World Economic Forum by Professor Xavier Sala-i-Martin of Columbia University, the new index extends and deepens the concepts and ideas underpinning the Growth Competitiveness Index formerly used by the Forum.
    Officially launched in September 2006 as part of The Global Competitiveness Report 2006-2007, the GCI has now become the most recognized index of reference for competitiveness.
    7
  • 8. The Global Competitiveness Index (GCI)
    BASIC REQUIREMENTS
    The Framework12 Pillars of Competitiveness
    Basic Requirements
    (4)
    EFFICIENCY ENHANCERS
    Efficiency Enhancers
    (6)
    Innovation & Sophistications Factors
    (2)
    INNOVATION & SOPHISTICATIONS FACTORS
    8
  • 9. Egypt Rankings in GCRPerformance and trend
    9
  • 10. The Global Competitiveness Index 2010-2011
    10
  • 11. The Global Competitiveness Index 2010-2011
    Regional View
    11
  • 12. Evolution of Egypt Overall Rankings
    12
  • 13. Benchmarking Egypt Performance; 2010-2011
    13
    • Qatar Tops Arab Countries
    • 14. South Africa Tops African Countries
    • 15. Tunisia Tops North African Countries
    Score (out of 7)
    Click Here to View Full Benchmarking with 14 selected countries
  • 16. Evolution of Egypt Rankings in GCI Pillars
    14
    Ranking out 0f 130+ countries
    • Best Performance:
    • 17. Market Size
    • 18. Worst Performance:
    • 19. Labor Market Efficiency
    • 20. Top Improvement:
    • 21. Business Sophistication
    • 22. Most Deterioration:
    • 23. Higher Education and Training
    • 24. Innovation
    • 25. Infrastructure
    • 26. Macroeconomic Stability
    • 27. Straight Improvement:
    • 28. Financial Market Sophistication
    • 29. Straight Deterioration
    • 30. Institutions
  • Evolution of Egypt Rankings in GCI Pillars
    15
    Rank movement
    Improvement
    Deterioration
  • 31. Market Size
    16
    Ranking out 0f 130+ countries
    • Sheer Market Size is Egypt’s main competitive strengths, which allows businesses to exploit economies of scale
    • 32. Although remaining the overall rank, Egypt lost ranking in the two sub-indices of this pillar
    • 33. Size of the domestic market is calculated as the Sum of gross domestic product plus value of imports of goods and services, minus value of exports of goods and services
    • 34. The size of the foreign market is estimated based on the total value of exports of goods and Services
    * Lower Ranking Reflects Improved Performance
  • 35. Labor market efficiency
    17
    Ranking out 0f 130+ countries
    • The labor market continues to be overregulated, which reduces its ability to property allocate and employ human
    • 36. The biggest loss came at the labor-employer relation ranking
    • 37. Worst performance areas include female participation in labor force, and the redundancy (firing) cost
    • 38. Although better ranking, Egypt still face high risk of a degradation of human capital, brain drain from the country (123rd), potentially causing social problems
    * Lower Ranking Reflects Improved Performance
  • 39. Business Sophistication
    18
    Ranking out 0f 130+ countries
    • Business sophistication concerns the quality of a country’s overall business networks as well as the quality of individual firms’ operations and strategies
    • 40. Best performance is for the nature of competitive advantage, followed the quantity of local suppliers
    • 41. However, the quality of local suppliers is ranked the worst just and only better than the control of international distribution
    * Lower Ranking Reflects Improved Performance
  • 42. Higher education and training
    19
    Ranking out 0f 130+ countries
    • Best performance is for the availability of research of training services
    • 43. Worst performance is for the overall quality of educational system.
    • 44. All areas except the availability, witnessed deterioration versus last year
    • 45. The most deteriorated area is the secondary education enrollment rate (data from UNESCO)
    * Lower Ranking Reflects Improved Performance
  • 46. Innovation
    20
    Ranking out 0f 130+ countries
    • Best performance is for the availability of scientists and engineers, and it’s also the only area the witnessed improved ranking than previous year
    • 47. Worst performance is for the university-industry collaboration in R&D, and this refers to the issue of isolated academic organizations in Egypt
    * Lower Ranking Reflects Improved Performance
  • 48. Infrastructure
    21
    Ranking out 0f 130+ countries
    • 2010-2011 report included additional ranking for Mobile telephone subscriptions and Egypt ranked 102/139
    • 49. The only area that had a significant improvement is quality of air transport
    • 50. The worst performance is for telephone lines ranking, and it’s also the most deteriorated area
    * Lower Ranking Reflects Improved Performance
  • 51. Institutions
    22
    Ranking out 0f 130+ countries
    • 2010-2011 report included four more rankings:
    • 52. Irregular payments and bribes (64)
    • 53. Efficiency of legal framework in settling disputes (40)
    • 54. Efficiency of legal framework in challenging regulations (69)
    • 55. Strength of investor protection (59)
    • 56. Egypt best performance is the insignificance of organized crime
    • 57. While worst performance is for costs imposed by terrorism on operating businesses
    * Lower Ranking Reflects Improved Performance
  • 58. Macroeconomic stability
    Ranking out 0f 130+ countries
    23
    • Government debt has been reduced following the favorable trend of previous years
    • 59. budget deficit remained stable, at and improved rankings reflect again minor effects of the global crises
    • 60. However, Egypt continues to struggle with serious challenges
    • 61. inflation came as Egypt worst performance in this pillar
    • 62. The deterioration of national saving rate ranking continued for the third consecutive year
    * Lower Ranking Reflects Improved Performance
  • 63. Most problematic factors for doing business in Egypt
    24
    % of Respondents
    • Survey of business executives
    • 64. From a list of 15 factors, respondents were asked to select the five most problematic for doing business in their country and to rank them between 1 (most problematic) and 5. The bars in the figure show the responses weighted according to their rankings.
  • Reform PrioritiesWorst Ranked Factors
    25
  • 65. Critical Issues:Require Urgent Reforms
    26
    Ranking out 0f 139 countries
  • 66. Critical Issues:Require Urgent Reforms
    27
    Ranking out 0f 139 countries
  • 67. All Data in this presentation from:
    28
    Fore more updates and coverage on Egypt Rankings Go To: