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Romania gets dow ten places in the top of global compatitivity, position 77

Romania went down on place 77 this year in the top of global competitivity drawn up by the World Economic Forum, out of 142 analysed states, with ten positions lower than the previous year. Romania got a general score of 4.08 points, on a scale from 1 to 7 after having 4.16 points in 2010.

The other positions are covered as such : Morroco (73), Kazahstan(72), Viet-nam (65), Montenegro (60), Azerbaidjan (55), Hungary (48), Poland ( 41), Tunisia ( 40), Estonia (33). After Romania we have Ukraine ( 82), Argentina (85), Moldova (93) Serbia (95).

At the level of the EU, Romania is 26th being overpassed by Greece ( 90). As compared to the previous year, Romania went under Latvia (64) and Bulgaria (74) who in 2010 were 70th and 71st respectively.

'After a number of difficult years, a recovery from the economic crisis is tentatively emerging, although it has been very unequally distributed: much of the developing world is still seeing relatively strong growth, despite some risk of overheating, while most advanced economies continue to experience sluggish recovery, persistent unemployment and financial vulnerability, with no clear horizon for improvement,' said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. 'The complexity of today's global economic environment has made it more important than ever to recognize and encourage the qualitative as well as the quantitative aspects of growth, integrating such concepts as inclusiveness and environmental sustainability to provide a fuller picture of what is needed and what works.'

Xavier Sala-i-Martin, Professor of Economics, Columbia University, USA, and co-author of the report, added: 'Amid re-emerging concerns about the global economic outlook, policy-makers must not lose sight of long-term competitiveness fundamentals. For the recovery to be put on a more stable footing, emerging and developing economies must ensure that growth is based on productivity enhancements. Advanced economies, many of which struggle with fiscal challenges and anaemic growth, need to focus on competitiveness-enhancing measures in order to create a virtuous cycle of growth and ensure solid economic recovery.'

Sursa: http://www.actmedia.eu

Tags: romania growth global economic

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