UPSC IAS - 2019

The Global Competitiveness Report is published by the

Year Asked: 2019

A
International Monetary Fund
B
United Nations Conference on Trade and Development
C
World Economic Forum
D
World Bank

Correct Answer

C. World Economic Forum

Detailed Explanation

The correct answer is C) World Economic Forum. The Global Competitiveness Report is brought out by the WEF, Geneva, the same body that runs the Davos meeting. It ranks economies on the Global Competitiveness Index, built on pillars such as institutions, infrastructure, macroeconomic stability, health, skills, labour and product markets, the financial system, market size, and innovation.

  • A) IMF: It publishes the World Economic Outlook and the Global Financial Stability Report, not competitiveness rankings.
  • B) UNCTAD: It brings out the World Investment Report and the Trade and Development Report. It is a trade and investment body, not a competitiveness ranker.
  • D) World Bank: It publishes the World Development Report. Its Doing Business report was a competitiveness-style ranking of ease of doing business, but it was discontinued in 2021 after data irregularities were found, so it is no longer a live source.

Mains angle: competitiveness indices feed into debates on India's rank movement, structural reforms and why institutional quality matters for growth.

Trap: Aspirants often lump the World Bank's Doing Business and the WEF's competitiveness report together as the same kind of product. They are published by different bodies with different methodologies.

This question appeared in UPSC Prelims 2019 GS Paper-1.

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