Global Competitive Index Ranked Pakistan At 107 Terming The Police Unreliable
Global Competitive Index Ranked Pakistan At 107 Terming The Police Unreliable: Pakistan slipped by one position in the Global Competitiveness Index 2018 released by the World Economic Forum (WEF) on Wednesday as compared to last year, ranking 107 out of 140 countries, with a score of 4.0.
With an overall ranking of 107 out of 140 countries, Pakistan was at 109 for institutions; 93 for infrastructure; 127 for ICT adoption; 103 for macroeconomic stability; 109 for health; 125 for skills; 122 for product market; 121 for labour market; 89 for financial system; 31 for market size; 56 for business dynamism; and 75 for innovation capacity. In 2017, Pakistan ranked 106 out of 135 countries.
GDP per capita stands at $1,541.1; 10-year average annual GDP growth at 3.6 per cent; five-year average FDI inward flow as percentage of GDP at 0.7 per cent.
In the area of the freedom of press, the country’s score was worst with ranking of 112. The judicial independence which is considered 1–7 as the best, Pakistan ranked 70, while in budget transparency the score was 77.
In respect of terrorism incidence, Pakistan was further close towards the bottom. In the area of train efficiency, where the best index is 1-7, Pakistan was placed at 52, whereas in airport connectivity, the country was placed at 41.
The United States tops the 2018 rankings, confirming its status of most competitive economy in the world, according to the WEF. Overall, the United States scored an average of 85.6 points when the nearly 100 indicators were measured on a scale of 0 to 100.
That is still a far cry from what WEF considers the optimal conditions for a competitive economy, but well above the global average of 60 points. WEF hailed the US for its business dynamism and vibrant entrepreneurial culture, its flexible labour markets, the depth, breadth and relative stability of its financial system and its market size.
In terms of innovation capability, India stood as the second best country while Pakistan followed far behind at the 7th rank.
The police in Pakistan are unreliable, according to a global index.
“Nigeria, Yemen, South Africa, Pakistan and the Philippines are countries with notable problems related to violence, crime or terrorism, and where the police are considered unreliable,” says the Global Competitiveness Index 4.0 2018 report. The World Economic Forum published the report on Tuesday.
The index covers 140 economies and measures their national competitiveness — defined as the set of institutions, policies, and factors that determine the level of their productivity.
The index comprises 12 pillars, some of which include institutions, information and communications technology adoption, macroeconomic stability, financial system, innovation capacity, labour market, and business dynamism.
In five of the 12 pillars, Pakistan received a score below 50 and was among the worst performers in institutions, ICT adoption, skills, and innovation capacity.
While assessing the institutions in the country, the report highlights a relationship between organised crime and the reliability of the police.
“Across all countries, the relationship between the prevalence of organised crime and the perceived reliability of the police is strikingly close,” the report said, referring to the countries that don’t know strong institutions.
Pakistan received an overall score of 51.1 on a scale of 100, and ranked at 107, one level down from the previous year.
For More Information & Videos Subscribe To Our YouTube Channel