The competitiveness of the Qatari economy is being increasingly recognised at global levels, and for good reasons. Qatar already outsmarts all countries in the Middle East and North Africa (Mena) region on the Global Competitiveness Index.
The new addition relates to the country securing a ranking of No 8 globally on the 2011 World Competitiveness Yearbook (WCY) amongst 59 economies reviewed in the study, whose results were released only last week. The international business school of IMD, located in Switzerland, publishes the annual survey.
This suggests that Qatar has improved its ranking by seven notches, as the country ranked No 15 in the 2010 version of WCY, undoubtedly remarkable progress in a single year.
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