Switzerland’s International Institute of Management Development, ranks the UAE government as the best in the world, in social cohesion and efficiency.
The IIMD Global Competitiveness Yearbook 2013, reports the UAE ranks in the Top-10 most competitive nations in the world.
The improvement in rankings have been largely attributed to an increase in government efficiency and economic performance. In 2011, the UAE was ranked 28th on the list, while it reached 16th position last year.
The Emirates Competitiveness Council says the UAE ranking in; “Government Efficiency” “Social Cohesion” and “Attitudes and Values” are the best in the world.
Further, the UAE ranked fourth in Economic Performance, fifth in Employment and sixth in Management Practices.
According to Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai; “This accomplishment is the fruits of labor of thousands of teams, in both federal and local government departments across the entire UAE, and constitutes a very clear message to the world that the UAE people will settle with nothing less than being number one.”
Regarding the findings of the Arab World Competitiveness Report, which were shared at the WEF Middle East meeting, it says that Qatar and the UAE made encouraging progress in improving their competitiveness. As defined by the WEF, competitiveness measures the ability of a country to grow during the medium term. During 2012-2013, the UAE rose three places to 24th position, ahead of major economies such as China, Turkey and Brazil.
The UAE economy has been lauded for its diversification compared to other regional countries like Qatar and Saudi Arabia. UAE competitiveness was driven by high quality infrastructure, efficient capital markets, strong macroeconomic stability and a transparent government system. These factors were viewed important to attract interest of global investors to all sectors of the economy.
Margareta Drzeniek, the WEF’s lead economist, says; “The UAE is now an innovation economy.”