For the fourth year in a row, the UAE topped the countries of the Middle East and North Africa region in the Global Book Competitiveness Report 2020, issued by the Global Competitiveness Center of the International Institute for Administrative Development in Lausanne, Switzerland, which ranked the country ranked ninth in the world among the most competitive countries in the world .
The top 10
The UAE maintained its position among the top 10 competitive countries in the world during the year 2020, ahead of countries such as the United States, Ireland, Finland, Luxembourg, Germany and the United Kingdom, so that it remains the only Arab country that succeeded in reserving its position within the club of the top 10 in a report Global Competitiveness Yearbook, for four consecutive years, since joining the top 10 in 2017.
Advanced ranks
According to the results of the report, the UAE ranked first globally in 23 indicators and sub-axis, while it ranked among the top five globally in 59 indicators, and within the top 10 globally in 106 indicators out of a total of 338 indicators covered in this year's report.
The UAE recorded progress in two of the four main axes, namely the "economic performance axis", in which it rose to the fourth position globally, and the "infrastructure axis" in which five centers advanced, while it ranked third globally in the "government efficiency axis" , And ranked seventh globally in the "Business Efficiency Hub".
Sub-axes
According to the report, the country recorded an improvement in seven sub-axes, as it rose to the first position globally in the labor market axis, and to the fifth globally in the employment axis, and the sixth position in the price axis, and advanced in other sub-axes such as the societal framework axis, education, and structure Technological infrastructure, health and the environment, while maintaining their arrangement without change in two sub-axes, namely, the behavior and values axis (the second in the world), and the tax policy axis (the third in the world).
Governmental efficiency
The UAE ranked third globally in the main axis of "government efficiency", and it came among the top 10 globally in three of the sub-axes that the axis involves, namely: the third globally in "tax policy", and the fifth globally in "public financial policy", And the sixth in the world in "business legislation."
Business efficiency
In the main axis, "Business Efficiency", in which the country achieved the seventh position globally, the UAE came in the first five ranks in two of the five axes that it includes, namely: the "labor market" in which the state advanced to the first rank in the world, and the axis of "behaviors and values" ((Second in the world), while it came in the 12th rank in the “productivity and efficiency” and “administrative practices” axis, as the country ranked 10th globally in the “basic infrastructure” axis within the main “infrastructure” axis, and the state’s performance improved in Three out of five sub-axes.
Exceptional achievements
The Director General of the Federal Authority for Competitiveness and Statistics, Abdullah Nasser Lootah, said that the UAE has developed, for more than 10 years, a clear road map to join the top 10 competitive economies in the world by 2021, and since then the country has achieved exceptional achievements, and emphasized that it is Despite the challenges facing the world in the crisis of «Covid-19», the UAE is still maintaining its global leadership, and is dedicating its position among the first 10 globally, and has managed to reach its goal before the target date in many reports of global competitiveness.
International testimony to the efficiency of the economic approach
Sultan Al-Mansoori. From the source
The Minister of Economy, Sultan bin Saeed Al Mansoori, emphasized that the global superiority of the economy’s competitiveness in the UAE, and its uniqueness in the leading positions in many indicators of global competitiveness, represents an international testimony to the efficiency of the economic approach adopted by the UAE government, within the framework of determinants (UAE Vision 2021), and the pursuit To build a diversified global competitive economy based on knowledge and innovation and led by national talent.
He added that the state offers three centers in the axis of economic performance, to come in the fourth position globally, surpassing many major economies, in addition to its global ranking in the partnership index between the government and private sectors, it provides again evidence of the clarity of the state's strategic vision, the efficiency of its development policies and the effectiveness of the model Sustainable development ascending the global leadership ladder.
Leader and distinction
Hanan Mansour Ahly, Executive Director of the Competitiveness Sector at the Federal Competitiveness and Statistics Authority, confirmed that the world’s movement and its changes are greatly accelerating.
She added, "We are in a world of ascending with it fast, and the decline in it is also fast, and the UAE is seeking leadership and excellence, and the government of the UAE is always striving to achieve the vision of leadership in being the UAE number one globally."
Fourth in the world in economic performance despite "Covid-19"
Despite the emergency conditions that the whole world is going through due to the pandemic of the "Covid-19" virus, the UAE advanced by three places in the main "economic performance axis".
The Netherlands topped the ranking globally, followed by the United States and Singapore, while the UAE ranked fourth in the world, surpassing Germany, China, Luxembourg, Malaysia, Canada, Japan and others.
This axis contains a set of sub-axes, including the local economy, international trade and international investment, employment and the price axis in which the country rose from 18th to sixth place this year.
The UAE also ranked fifth globally in the employment hub, compared to ninth in the past year, and it ranked fourth globally in the international trade hub.
An American retreat .. and an Irish exit
The United States fell from third place, in last year's report, to the 10th in this year's report, as Hong Kong fell from second to fifth, and Ireland came out of the top 10 to finish in 12th now.
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An indication .. the UAE ranked among the top five in the world.
The UAE is the world's first in 23 indicators, and it is in the top 10 globally in 106 sub-indicators.
The first country in the world in the absence of bureaucracy, the resilience of residency laws, and female representation in Parliament.