THE ANALOGY OF SUSTAINABLE COMPETITIVENESS OF SAARC AND G-SEVEN NATIONS

Abstract

From the visionary thinking the sustainable development is must for the survival of future generation and humans. For the sustainable development the economy should have sustainable competitiveness. Therefore the main objective of this study is to compare the sustainability competitiveness of SAARC and G7 nations. To meet this objective the data has been collected from the official reports on global sustainability competitiveness index. The main five pillars of this index viz. natural capital, resource efficiency, intellectual capital, governance performance, and social capital are compared between nations and group of nations. To get statistically significant results the independent sample t-test, One-Way ANOVA, and Post-hoc Tukey test has been performed. In case of SAARC nations the results indicates that the Pakistan, Bangladesh, India, and Sri Lanka are having lower sustainability competitiveness as compared to the Maldives, Bhutan, and Nepal. In case of G7 nations the results indicates that the US, Italy, and Canada are having lower sustainability competitiveness as compared to the Japan, France, UK, and Germany. In further investigation of the data it is observed that the sustainability competitiveness of G7 nations is higher as compare to the SAARC nations. The results of this study will be helpful to the nations, NGOs, and several world organisations working for sustainable development of the nations and universe.