The Global Competitiveness Report (GCR) is produced by the World Economic Forum (WEF), the organization which produces the Global Competitiveness Index (GCI). The GCI captures information on the micro and macro-economic foundations of national competitiveness in over 148 countries and contributes to factor which influence economic growth in particular countries and helps to explain why some countries are more successful than others. The WEF has stated that the information released in the 2013-2014 report was set in a context in which growth has begun to slow across many emerging economies and advanced economies in Europe. It is imperative for leaders from business, government and civil society to work collaboratively to generate an enabling environment to foster innovation, and create appropriate educational systems.
Welcome to the official website of the Council for Competitiveness and Innovation. The Council for Competitiveness and Innovation (CCI) was established by the Government of Trinidad and Tobago in early 2011 as an advisory board to the Ministry of Planning and Sustainable Development. It is currently charged with the responsibility of significantly improving our country’s global competitiveness as well as fostering innovation as key drivers of a diversified knowledge based economy. The Council is also assisting in developing and implementing a holistic and competitive innovation policy that will transform the economy of Trinidad and Tobago and improve its global competitiveness and innovation rank over the next ten years. Our mandate is guided by the Government’s seven pillars of sustainable development and the Medium Term Policy Framework (MTPF) 2011-2014.
Børge Brende, Managing Director, Government Relations and Constituent Engagement at the World Economic Forum noted that “competitive economies are those that are able to provide high and rising living standards, allowing all members of a society to contribute to and benefit from these levels of prosperity. In addition, competitive economies are those that are sustainable – meeting the needs of the present generation while maintaining the ability to meet those of future generations.”