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Pakistan far behind competitors: WEF report
http://www.thenews.com.pk/daily_detail.asp?id=62114
By By Mansoor Ahmad
LAHORE: Pakistan is ranked very low compared to its regional neighbours in competitiveness ratings of network readiness, travel and tourism, business, global retail development and political freedom.
An analysis of various reports released recently by a reputed global research institution reveals that despite tall claims Pakistan is still far behind China, India, Sri Lanka in most of the above parameters.
Pakistans score by Transparency International reveals that Pakistan is ranked at 142 with a transparency score of 2.2 out of 10. India and China are placed at 70th position with transparency scores of 3.3 each and Sri Lanka is ranked 84th scoring 3.1 transparency points.
The latest Business Competitiveness Index prepared by World Economic Forum evaluates Pakistan at number 91 out of 125 countries in competitiveness. India is placed at 43, China at 54 and Sri Lanka at 79.
The same institution in Network Readiness Index (IT) places Pakistan at 84th position while China is at 54, India 44 and Sri Lanka at 86.
In the Travel and Tourism competitiveness Index released by World Economic Forum, India is placed at 65, China at 71, Sri Lanka at 70 and Pakistan at 103 out of 125 countries evaluated.
The thirty best Global Retail Destinations declared by AT Kearney places India at number one, followed by Russia and China. The list includes countries like Vietnam, Algeria and Indonesia but Pakistan is missing on the list.
In case of Foreign Direct Investment (FDI) a UN agency, UNCTAD, in its survey conducted separately with economic experts and Trans-national Corporations (TNC) has declared China as the best FDI destination in 2006 as evaluated by both experts and TNC, however, experts declared USA the next best place while TNC preferred India.
The experts declared India the third best FDI location while TNC placed USA at number three spot. Pakistan is not among the top 20 countries in this category. The Freedom Index released by Freedom House of the United States declares India a free country (based on political, economic and press freedom). Bangladesh and Sri Lanka are classified as partially free countries; even Afghanistan has been placed in this same category.
Pakistan falls under the grouping of those countries that are not free at all. China is also ranked in this group.
Economists point out that the fast economic growth achieved by Pakistan on the strength of its lenient donor approach and economic reforms instituted during the past decade would not be sustainable unless all the low performance and other socio-economic parameters are adequately addressed.
They pointed out that Pakistan is growing rapidly from a narrow economic base and even then its growth is lower than that of India and China as both have much larger economies than Pakistan. They said economies in the entire South East Asian region are booming. They cited the examples of Vietnam and Cambodia that have resurged from closed socialist economies. In fact they said Vietnam has out paced Pakistan even in the textile sector as textiles are now its main export base.
They said the economic performance of every country is in line with the positions they enjoy in the evaluation done on the above parameters by creditable global organisations. They said Pakistan would have to improve its ratings on all these parameters to attain a sustainable growth.
http://www.thenews.com.pk/daily_detail.asp?id=62114
By By Mansoor Ahmad
LAHORE: Pakistan is ranked very low compared to its regional neighbours in competitiveness ratings of network readiness, travel and tourism, business, global retail development and political freedom.
An analysis of various reports released recently by a reputed global research institution reveals that despite tall claims Pakistan is still far behind China, India, Sri Lanka in most of the above parameters.
Pakistans score by Transparency International reveals that Pakistan is ranked at 142 with a transparency score of 2.2 out of 10. India and China are placed at 70th position with transparency scores of 3.3 each and Sri Lanka is ranked 84th scoring 3.1 transparency points.
The latest Business Competitiveness Index prepared by World Economic Forum evaluates Pakistan at number 91 out of 125 countries in competitiveness. India is placed at 43, China at 54 and Sri Lanka at 79.
The same institution in Network Readiness Index (IT) places Pakistan at 84th position while China is at 54, India 44 and Sri Lanka at 86.
In the Travel and Tourism competitiveness Index released by World Economic Forum, India is placed at 65, China at 71, Sri Lanka at 70 and Pakistan at 103 out of 125 countries evaluated.
The thirty best Global Retail Destinations declared by AT Kearney places India at number one, followed by Russia and China. The list includes countries like Vietnam, Algeria and Indonesia but Pakistan is missing on the list.
In case of Foreign Direct Investment (FDI) a UN agency, UNCTAD, in its survey conducted separately with economic experts and Trans-national Corporations (TNC) has declared China as the best FDI destination in 2006 as evaluated by both experts and TNC, however, experts declared USA the next best place while TNC preferred India.
The experts declared India the third best FDI location while TNC placed USA at number three spot. Pakistan is not among the top 20 countries in this category. The Freedom Index released by Freedom House of the United States declares India a free country (based on political, economic and press freedom). Bangladesh and Sri Lanka are classified as partially free countries; even Afghanistan has been placed in this same category.
Pakistan falls under the grouping of those countries that are not free at all. China is also ranked in this group.
Economists point out that the fast economic growth achieved by Pakistan on the strength of its lenient donor approach and economic reforms instituted during the past decade would not be sustainable unless all the low performance and other socio-economic parameters are adequately addressed.
They pointed out that Pakistan is growing rapidly from a narrow economic base and even then its growth is lower than that of India and China as both have much larger economies than Pakistan. They said economies in the entire South East Asian region are booming. They cited the examples of Vietnam and Cambodia that have resurged from closed socialist economies. In fact they said Vietnam has out paced Pakistan even in the textile sector as textiles are now its main export base.
They said the economic performance of every country is in line with the positions they enjoy in the evaluation done on the above parameters by creditable global organisations. They said Pakistan would have to improve its ratings on all these parameters to attain a sustainable growth.
