The recently-released 2012-13 Global Competitiveness Report shows mixed results but generally improved competitiveness of Gulf Cooperation Council (GCC) economies. Of the six-member grouping, three countries experienced material improvement in their ranking especially Qatar and the UAE. Still, Oman’s ranking remained standstill whilst that of Kuwait suffered a setback.
The World Economic Forum publishes the annual report which ranks reviewed economies on the basis of their performance on the Global Competitiveness Index (GCI). To its credit, GCI is noted for undertaking a comprehensive look into reviewed economies by relying on a set of variables.
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