Summary

The annual Global Competitiveness Report is widely recognized as the world's leading cross-country comparison of data and information relating to economic competitiveness and growth. Over the years, the Report has become the most authoritative and comprehensive assessment of the comparative strengths and weaknesses of national economies throughout the world. The World Economic Forum continues its tradition of excellence with The Global Competitiveness Report 2002-2003, which provides the most updated and recent data, rankings and analysis of 75 industrialized and emerging economies and the latest thinking and research from prominent academics and international institution leaders on global competitiveness. This year's report begins by presenting the widely quoted global competitive index that really comprises two indices-one for growth and one for productivity. It then provides global and regional analyses, with examinations of the competitive landscapes of Africa., Asia, Central and Eastern Europe and Latin America. Essays on a wide range of special topics follow, including national innovative capacity, governance, foreign direct investment, and trade performance. The Report concludes with detailed country profiles, data presentation and an exhaustive survey of senior business executives that touches on business conditions, infrastructure, the character of the regulatory regime, the quality of government, organized labor, corruption and tax evasion. The Global Competitiveness Report 2002-2003 provides essential information for business leaders, government decision-makers and for academics to examine the critical challenges facing a multitude of the world's economies.