Results of the new GCC E-Performance Index 2021 revealed that the six Gulf countries are progressing steadily in their digital transformation with UAE topping the list.
Five major global organisations, specialising in assessing competitiveness, have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes.
UAE excels in key global competitiveness metrics issacjohn@khaleejtimes.com Filed on May 2, 2021
The World Economic Forum ranked the UAE third globally due to its low rates on consumption taxes, and fifth globally in terms of the low impact of taxes on employment incentives.
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Recently, the UAE was ranked No.1 overall as the most competitive emerging market in the GCC, according to the annual Agility Emerging Markets Logistics Index.
The UAE has excelled in several global competitiveness metrics related to finance and taxes, according to various agencies specialising in assessing competitiveness.
The Emirates ranked among the top 10 countries in 28 competitiveness indexes related to finance and taxes, according to a report by the Federal Competitiveness and Statistics Centre (FCSC).
Powering MSMEs: An Agenda for Growth April 22, 2021, 6:27 PM IST
According to Nobel Laureate Professor Paul Krugman,
“
almost everything depends almost entirely on its ability to raise its output per worker.”
India’s productivity growth is pale in comparison with its peer countries over the last 250 years. Limited free markets, rigidity of factor markets and the eventual low levels of total factor productivity are all responsible for India’s mediocre performance. To reverse this low-performance trajectory, we need to focus on prescriptions to uplift the micro enterprises because these firms dominate the Indian business landscape, and their success has far-reaching social and economic consequences.