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| Variable: |
Economy > Macroeconomic environment index |
Economy > Growth competitiveness score |
| Plot Display: |
Logarithmic (base 10) |
Logarithmic (base 10) |
| Definition: |
The macroeconomic environment index indicates the quality of the macroeconomic environment of a country. |
The GCI, or the Growth competitiveness index, is composed of three pillars, all of which are widely accepted as being critical to economic growth: the quality of the macroeconomic environment, the state of a country's public institutions, and, given the increasing importance of technology in the development process, a country's technological readiness. The GCI aims specifically to gauge the ability of the world's economies to achieve sustained economic growth over the medium to long term. |
| Source: |
World economic forum - Global Competitiveness Report 2004-2005 |
World economic forum - Global Competitiveness Report 2004-2005 |
| Correlations: |
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