According to the World Economic Forum’s Global\nCompetitiveness Report 2019, the UAE has been ranked as the most competitive\neconomy in the Arab region for the fourth consecutive year.<\/p>\n\n\n\n
Globally, the UAE ranks 25th, up two points from a year ago.<\/p>\n\n\n\n
The UAE has improved in 52 of the 103 indicators in the\nreport. The country was also ranked among the top five economies in 19\nindicators, and among the 20 leading indicators worldwide in 57.<\/p>\n\n\n\n
At the regional level, the report found that most Arab\ncountries experienced an improvement in the rankings except Oman, Lebanon and\nYemen.<\/p>\n\n\n\n
The UAE came first, followed by Qatar (29) and Saudi Arabia\n(36). Kuwait witnessed the largest improvements in the region (sixth, ninth and\neighth).<\/p>\n\n\n\n
The report also found that while most countries in the\nregion have improved \u201csubstantially\u201d in the adoption of ICTs, many countries\nhave established sound infrastructure, and greater investments in human capital\nare needed to transform them into more innovative and innovative economies.<\/p>\n\n\n\n
Overall, the report found that the global economy remains\nlocked in its role of low or flat productivity growth despite the pumping of\nmore than $10 trillion by central banks since the global financial crisis a\ndecade ago.<\/p>\n\n\n\n
“While these unprecedented measures were successful in\naverting a deeper recession, they are not enough on their own to catalyse the\nallocation of resources towards productivity-enhancing investments in the\nprivate and public sectors,\u201d. As monetary policies begin to run out of steam,\nit is crucial for economies to boost research and development, enhance the\nskills base of the current and future workforce, develop new infrastructure and\nintegrate new technologies, among other measures,\u201d.<\/p>\n\n\n\n
In general, the most competitive economies were found to be\nSingapore, followed by the United States, Hong Kong, the Netherlands and\nSwitzerland.<\/p>\n\n\n\n
Klaus Schwab, founder and CEO of the World Economic Forum,\nsaid. “The report shows that countries that integrate into their economic\npolicies the focus on infrastructure, skills and research and development are\nmore successful than those that focus only on traditional factors of\ngrowth.”<\/p>\n\n\n\n
The report assesses the competitive landscape of the 141 economies\nthrough 103 indicators organized in 12 pillars, including institutions and\ninfrastructure, ICT adoption, macroeconomic stability, health, skills, product\nmarkets, labor, financial system and others.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to the World Economic Forum’s Global Competitiveness Report 2019, the UAE has been ranked as the most competitive economy in the Arab region for the fourth consecutive year. Globally, the UAE ranks 25th, up […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[140,93,90,60,74,66,79,42,146,36,34,145,114,127,11,48,24,131,41,44,95,72,10,58,57,70,47,86,31,18,80,23,45,46,109,144,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1408"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1408"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1408\/revisions"}],"predecessor-version":[{"id":1410,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1408\/revisions\/1410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1409"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}