The Global Competitiveness Report
2003-2004
Toronto—Canada’s rank fell in two competitiveness indices according to the “Global Competitiveness Report 2003-2004” released today by the World Economic Forum. The Forum’s Canadian partner is the Toronto-based Institute for Competitiveness and Prosperity. On the Business Competitiveness Index, Canada fell from 10th last year to 12th in 2003. On the Global Competitiveness Index, Canada fell from 9th to 16th.
The “Business Competitiveness Index” was developed by Michael Porter, Director of the Institute for Strategy & Competitiveness of the Harvard Business School. The Index draws on economic data and surveys of more than 4,800 business leaders around the world to develop microeconomic indicators that measure the set of institutions, market structures, and economic policies supportive of high national prosperity. It was formerly referred to as the “Microeconomic Competitiveness Index”.
