Africa's Most Competitive Economies...



The World Economic Forum (WEF)  published its Global Competitiveness Report 2012-2013, which ranks economies in terms of national competitiveness. Of the 144 countries ranked, 38 are African economies, and only South Africa, Mauritius, Rwanda and Morocco feature in the top half. 
And Among the 38 African economies, Tanzania was 21 with an overall ranking of 120/144 *cringe*

The WEF defines competitiveness as the “set of institutions, policies, and factors that determine the level of productivity of a country. The level of productivity, in turn, sets the level of prosperity that can be earned by an economy. The productivity level also determines the rates of return obtained by investments in an economy, which in turn are the fundamental drivers of its growth rates. In other words, a more competitive economy is one that is likely to sustain growth.”
To determine these rankings, global economies were rated according to 12 pillars: institutions,infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.