RANKED: The 12 least competitive countries in the world
|09/28/2017||Posted by BusinessMediaguide.Com under General World News||
The least competitive countries in the world were announced by the World Economic Forum this week in its Global Competitiveness report.
The ranking assesses 137 countries according to 12 categories, from Infrastructure to Labour market efficiency.
These categories are subdivided further into factors ranging from organised crime to life expectancy to the reliability of banks.
Among the report’s findings are that economic growth “needs to focus on human well-being.” Although growth does not guarantee human development, it says, “there are no examples of countries improving the welfare of their populations without growth.”