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and especially the quality of government institutions, on which the GCI places special emphasis.The purpose of an economy is not mere quantitative increases, but instead, the end goal is to improve the life of people and the status of society. The GCI measures the building blocks and overall health of an economy to ensure these goals are more likely to be met in a sustainable manner. For a full list of rankings, you can visit the World Economic Forum's website to see for yourself.Jim Erickson, 28, lives in Egypt and works as a political analyst for the Egyptian National Competitiveness Council. The council works with businesses and the Egyptian government to create a more competitive Egyptian economy. In addition, he is a lecturer at the American University in Cairo. My Voice columns should be 500 to 700 words.
is not to discount the importance of traditional economic measurements, but instead is to suggest that these figures were never meant to be all encompassing and need a complimentary measurement. Though imperfect itself (much of the ranking is based on perception), the World Economic Forum's GCI measures well over 100 variables of an economy to give a more well rounded picture. Rather than looking at the mere outcomes of an economy, the GCI measures the structural foundations. Instead of focusing on GDP and unemployment alone, the GCI accounts for myriad factors including education, innovation, labor market needs, income distribution, environmental conditions, investment, infrastructure, security, rule of law, business friendliness, public financial management Converse All Stars Sale Outlet
Economies around the world traditionally have been measured by a few popular figures. The unemployment rate is a common one. If there were a bottom line, it certainly would be the GDP, though the flashiest of all numbers tends to be in the stock exchanges. Though these Converse Combat Boots Sale always will be important, the Global Competitiveness Index presents a nice complement to traditional quantitative indicators by presenting a clear, modern and relevant economic picture. But most readers do not know what the GCI is yet.While useful, traditional economic measurements are incomplete by themselves. Does India's sub 4 percent unemployment rate mean that the average citizen leads a better life and has superior employment opportunities than the average British citizen (7.4 percent unemployment)? During the 2000s, Egypt saw booming growth, with GDP topping 7 percent several of the years. During this same period, the poverty rates in Egypt actually increased. While this is positive, few would suggest that this is the pinnacle of American economic history, Converse Modern Ox
even though the stock exchanges have continuously hit record highs.This Womens White Leather Converse Size 4
GCI offers more complete economic perspective
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