To What Extent Has Development Taken Place Under the PF Government
Zambia becomes 7th competitive economy in Africa under the PF government
September 5, 2013 | Filed under: Statements | Posted by: ZIN
The World Economic Forum (WEF) has ranked Zambia as one of the top 10 most competitive economies in Africa for 2013.
The WEF’s Global Competitiveness Report 2013-2014 which was released in Geneva, Switzerland yesterday ranked Zambia as the seventh most competitive economy in Africa ahead of Kenya, Gabon and Senegal.
According to the report accessed in Lusaka yesterday, Zambia, Africa’s largest copper producer, trails Namibia, Seychelles, Botswana, Rwanda, South Africa and Mauritius which were ranked as the most competitive economies in Africa.
Out of the 148 countries surveyed globally, Zambia moves from last year’s 102nd position to 93 as one of the countries which recorded remarkable progress.
The ranking was based on the Global Competitive Index which was introduced in 2004 and could be defined as the set of institutions, policies and factors that determined the level of productivity of a country.
Its 12 pillars were institutions, infrastructure, macroeconomic environment, health and primary education, higher education and colleges, goods market efficiency, labour market efficiency, financial market development, technology, market size, business sophistication and innovation.
“A number of African middle-income economies – Botswana (74th), Namibia (90th), Zambia (93rd), Senegal (113th), Lesotho (123rd) and Swaziland (124th) – improved, while oil-producing economies, Gabon (112th), Cameroon (115th) Nigeria (120th) and Chad (148th) – stagnated or declined in the ranking,” reads the report partly.
Among the low-income countries, Kenya made the biggest improvement, rising by 10 places to 96th position in the world.
Globally, Switzerland maintained its first position and so did Singapore and Finland on second and third positions, respectively.
Other countries in the world top 10 most competitive economies were Germany,
September 5, 2013 | Filed under: Statements | Posted by: ZIN
The World Economic Forum (WEF) has ranked Zambia as one of the top 10 most competitive economies in Africa for 2013.
The WEF’s Global Competitiveness Report 2013-2014 which was released in Geneva, Switzerland yesterday ranked Zambia as the seventh most competitive economy in Africa ahead of Kenya, Gabon and Senegal.
According to the report accessed in Lusaka yesterday, Zambia, Africa’s largest copper producer, trails Namibia, Seychelles, Botswana, Rwanda, South Africa and Mauritius which were ranked as the most competitive economies in Africa.
Out of the 148 countries surveyed globally, Zambia moves from last year’s 102nd position to 93 as one of the countries which recorded remarkable progress.
The ranking was based on the Global Competitive Index which was introduced in 2004 and could be defined as the set of institutions, policies and factors that determined the level of productivity of a country.
Its 12 pillars were institutions, infrastructure, macroeconomic environment, health and primary education, higher education and colleges, goods market efficiency, labour market efficiency, financial market development, technology, market size, business sophistication and innovation.
“A number of African middle-income economies – Botswana (74th), Namibia (90th), Zambia (93rd), Senegal (113th), Lesotho (123rd) and Swaziland (124th) – improved, while oil-producing economies, Gabon (112th), Cameroon (115th) Nigeria (120th) and Chad (148th) – stagnated or declined in the ranking,” reads the report partly.
Among the low-income countries, Kenya made the biggest improvement, rising by 10 places to 96th position in the world.
Globally, Switzerland maintained its first position and so did Singapore and Finland on second and third positions, respectively.
Other countries in the world top 10 most competitive economies were Germany,