By Chimwemwe Mangazi:
Malawi has moved three steps up on the Global Competitiveness Index (GCI)—the most comprehensive assessment of national competitiveness worldwide—issued by the World Economic Forum.
The country has moved from 132 out of 137 economies in 2017 to 129 out of 140 countries.
The index assesses factors driving countries’ productivity and prosperity and Malawi’s ranking on the index means that globally, the country is less competitive.
GCI scores are calculated by drawing together country level data covering 12 categories—the pillars of competitiveness—that, collectively make up a comprehensive picture of a country’s competitiveness.
Malawi scored 4.9 compared to 3.1 last year. This year’s score is the highest in the past seven years.
Top five competitive countries in sub-Saharan Africa include Mauritius, South Africa, Seychelles, Botswana and Kenya.
Top five competitive countries at global level include the United States, Singapore, Germany, Switzerland and Japan.
The report identifies health workforce among major challenges in Malawi.
Speaking in an interview yesterday, Blantyre-based research and evaluation consultant, Collen Kaluwa, said investing in healthy staff would be ideal for businesses.
Economics Association of Malawi Executive (Ecama) Director, Maleka Thule, said a healthy labour force would form the foundation for sustainable economic growth.
“Countries with poor health [indicators] are associated with low economic growth and are less competitive; the findings of the report are in line with Ecama observations that poor healthcare service delivery remains among challenges affected sustainable economic growth,” Thule said.
Today’s top business story: Top Commercial Banks In Malawi