A Guide to Enhance Economic Growth.

The Global Competitiveness Council model (GCI), similar to known as the International Competitiveness Index, is a comprehensive framework developed by the Best global capability centre in india Economic Forum (WEF) in order to assess the competitiveness of businesses, and economies worldwide.

The GCI framework was launched initially in 2004, and since long time has been commonly utilized by governments, companies also businesses to gain insight into the challenging atmosphere in various countries.

The GCI model is centered around the idea that performance is generated by a compilation of hard also speed factors which together decide the potential of a country to achieve permanent growth.

The 3 most major pillars of the GCC are classified into into three primary categories: the infrastructures, infrastructure, and innovation procedure.

The twelve components are:

1 rules of the land:
this pillar assesses the extensive to which institutions like rule on the land property rights perceive institutions as secure, reliable by participation, as well to sector private.

2 :
This pillar assesses quality and excess and infrastructure including such as move people, and telecommunications.

3 macroeconomic environment:
this provides policyholder directions related macroeconomic including the inflation and the actual interest, which and rates
the price of actual current time period

4 Health is main point toward delivering primary healthcare and facilities along with providing resources are educational facilities, the performance evaluation this includes performance of healthcare services and the implementation methods

5 Goods market efficiency
this pillar the ease of action related businesses doing trade,
efficiency of product and market product services are assesses the market related infrastructure input, or credit or other resources related doing businesses.

6 adaptable workforce employee standard labour regulations for fair implementation

7 financial market stability/development and security/financial infrastructure performance and sustainable

8 Technological update/ implementation into technology system

9 Businesses (market)

10 leverage to business practices 9: innovative-competitive/achieving intelligent decision

11 Implementation improve/development progress toward researching

12 Improve/development techniques innovate successful or improvement techniques the technical enhancement

These 12 pillars use for calculating the country competitive economic enhance/prosperity, score from: 0-100.