The Global Competitiveness Report
2004-2005
Toronto— Canada ‘s rank fell in one competitiveness index and improved its position in another according to the “Global Competitiveness Report 2004-2005” 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 12 th last year to 15 th in 2004. On the Growth Competitiveness Index, Canada improved slightly from 16 th to 15th.
The “Business Competitiveness Index” was developed by Michael Porter, Director of the Institute for Strategy and Competitiveness of the Harvard Business School . The Index draws on economic data and surveys of more than 8,700 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.
