A Framework to Boosting Economic Prosperity.

The global capability centre solutions for startups Competitiveness Council model (GCI), similar to known as the Global Competitiveness Index, is a comprehensive framework created by the Global Economic Forum (WEF) in order to evaluate the performance of governments, and economies worldwide.

The GCI framework was introduced for the very first time in 2004, and since ever since has been widely utilized by governments, firms, and businesses to understand the competitive atmosphere in different countries.

The GCI model takes into account the idea that performance is driven by a combination of hard also soft elements, which together result in the capabilities of a country and independent growth.

The 3 most major pillars of the GCC are brought together into three main categories: the infrastructures, infrastructure, and innovation procedure.

The twelve components are:

1 institutions of the land:
this pillar evaluates the far-reaching to which institutions like rule of laws the land property such as perceive institutions stable secure, reliable by participation, as well in addition sector private.

2 :
This pillar assesses quality and exogenous infrastructure including such as the transportation and telecommunications.

3 macroeconomic environment:
this provides policyholder directions related macroeconomic including the inflation and the actual interest, which and rates
the price of exchange rates

4 Health is main point toward delivering primary healthcare and facilities along with providing resources are educational facilities, the performance evaluation this includes performance of healthcare services and the implementation methods

5 Goods market platform
this pillar the ease of action related businesses doing trade,
efficiency of product and market product services are assesses the market related infrastructure input, or expenditure or other resources related doing businesses.

6 adaptable workforce employee standard labour regulations for fair implementation

7 money market stability/development and security/financial infrastructure performance and sustainable

8 tech readiness update/ implementation into actual performance

9 Businesses (market)

10 leverage to business practices 9: innovative-competitive/achieving intelligent decision

11 Implementation improve/development progress toward researching

12 Improve/development techniques innovate successful or improvement techniques the technical enhancement

These 12 pillars use for measuring the country competitive economic growth, score from: 0-100.