Abstract
The current research focuses on competitiveness’s status of each Arabic country, as indicated at the GCI (Global Competitive Index) report. Its 12-main indicators and 98 sub-indicators have deployed for that mission. Via longitudinal study, the performance of each Arabic country, as indicated on GCI at 2016 and 2018, was carefully analyzed. The analysis revealed that four countries were improved and the rest were not. In addition, the analysis revealed 13 success stories. More specifically, the analysis revealed that Kingdom of Bahrain, KSA, UAE, and Lebanon have two, four, six, and one success stories respectively. For mutual benefits, these success stories ought to be shared with all Arabic countries. Kingdom of Bahrain success stories were in labor market, and innovation capacity indicators. KSA success stories were in macro-stability, skills, market size, and business dynamism indicators. UAE has six success stories in institutions, infrastructures, ICT adoption, macro-economic stability, product market, and financial system indicators. Lebanon has one success story in health indicator. Finally, conclusions and recommendation were suggested to help assist decision markets in this perspective.
Highlights
Competitiveness is still a concept that ones can read in different ways, it is widely accepted for its importance (Krugman, 1994) for economic growth and sustainable development
The current study is a pioneer one that assesses the progress in sustainable development using a very objective tool for that mission which is Global Competitive Index (GCI) report
Regional and international benchmarking could help bridge this gap, as it opens avenue for valuable results by comparing oneself with the best performers, a practice that followed in the current research
Summary
Competitiveness is still a concept that ones can read in different ways, it is widely accepted for its importance (Krugman, 1994) for economic growth and sustainable development. Competitiveness can be defined as an area of economic knowledge that analyzes the facts and policies for state's ability to create a healthy business environment that in turn create sustainable benefit for both enterprises and citizen's prosperity in long term, (IMD, 2012). It measures how a country manages its resources and real competences for the welfare of its citizens. The number of sub-indicators that were 114 indicators, decreased to 98 indicators this year (i.e. 2018) by adding and deleting indicators, as clarified later It is a revealing and reflective competition for all development efforts of competing countries. It can be said with confidence that if the development efforts of a country are not reflected in improving its position on the index, it is like someone who plows through the sea and has to review its plans in that regards
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