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Competitiveness Support Fund. The State of Pakistan's Competitiveness 2007.

Competitiveness Support Fund. The State of Pakistan's Competitiveness 2007.

Islamabad: Ministry of Finance. 85 pages. Paperback. Price not given.

Globalisation is an economic reality. Whether Pakistan benefits from or is a victim of globalisation will depend on its competitiveness. Competitiveness is a key to economic growth. The Global competitiveness report presents Business Competitiveness index and Global Competitiveness index which are most commonly used measures of competitiveness.

The State of Pakistan's Competitiveness Report 2007 is the first ever state of Pakistan's competitiveness report. It provides an overall glimpse of Pakistan economy and prospects of growth based on Global Competitiveness Report. The objectives of this report are to present the global competitiveness rankings for Pakistan, to explain these results and to focus attention on potential areas of priority for improving competitiveness over short to medium term. The report provides country's ranking in Business Competitiveness Index (BCI) and Global Competitiveness Index (GCI) in 2006-2007 Global Competitiveness report. The gap between country's performance in these two rankings is explained by country's low scores in health and education, which are a part of GCI but not BCI.

The report is quite beneficial in understanding Pakistan's performance based on nine pillars of GCI. Nine pillars are institutions, infrastructure, macroeconomy, health and primary education, higher education and training, market efficiency, technological readiness, business sophistication and innovation. The report will foster broader understanding of Pakistan's competitiveness challenges as it documents strengths and weaknesses of the country based on GCI.

The report consists of four main sections. The topics covered are enabling Pakistan's ranking, enabling Pakistan's competitiveness, catalysing provincial development and looking forward, moving forward. The report presents specific recommendations to improve competitiveness. It specifically provides guidance by presenting four major strategies that can impact Pakistan's ranking among nations. If these strategies are implemented, Pakistan can improve its future ranking.

The overall comprehensive analysis gives a good snapshot of the strengths, weaknesses, and priorities to leaders, researchers, bureaucracy and policy-makers. It may help Pakistan to benchmark progress from year to year. [Uzma Zia]
COPYRIGHT 2007 Reproduced with permission of the Publications Division, Pakistan Institute of Development Economies, Islamabad, Pakistan.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

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Author:Zia, Uzma
Publication:Pakistan Development Review
Article Type:Book review
Date:Jun 22, 2007
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