Synopsis: Entrepreneurship: Environment:


WEF_EuropeCompetitiveness_FosteringInnovationDrivenEntrepreneurship_Report_2014.pdf.txt

and growth by encouraging a robust environment of ambitious, serial entrepreneurs who envisage, create and

the factors that comprise a supporting environment for entrepreneurs to develop and scale ideas Policy-makers, business leaders and individuals are

term for successful innovation environments attuned to the breakthroughs yet to materialize This report aims to spur debate on the most effective ways

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

environment Labor market effi ciency Business sophistication Health and primary education Financial market development Innovation Switzerland Israel

it came to conditions in their environment †66%said they perceive favourable conditions for stand up, with the

â€oewe invest in the business environment to create a feeling of opportunities. †Ali Babacan, Deputy Prime minister of Turkey

improving the environment for innovation-driven entrepreneurship In general, policy-makers highlighted the important role of entrepreneurship for the European economy.

Every European region needs an environment conducive to business start-up and successful in mobilizing talent.

entrepreneurship, and we must act decisively in nurturing the best investment environment possible Against this background, the government recently launched its Industrial Development Strategy for Growth and

environment. †40 Enhancing Europe†s Competitiveness Mark Rutte Prime minister of The netherlands The role of innovation-driven entrepreneurship in your economy:

experience in a start-up environment, for example through internship programmes or employment opportunities. These experiences build on school-based

a digital environment. Efforts to share government -owned data intelligently can also help in this respect

government authorities in a digital environment †Back-burners: These are mostly efforts and initiatives

environment, and a change of outlook among the top management What might these changes look like over the next 20

and push factors from the current environment are creating an impetus for future organizations to master

changes that characterize the business environment for multinationals and SMES alike, organizations that are able to innovate cooperatively amid contextual changes

environment, Cambrian Corporations will need to develop their foresight, design and synthesis capabilities. These capabilities trump more â€oepure-play, †exclusionary and

will invest in co-learning/co-creation environments and competency development for project-focused networks and communities.

create the most supportive environment possible for each life cycle phase, including shifting social and cultural factors

improving entrepreneurial environments 4. Supporting the innovations of today in isolated sectors is not enough †Europe needs to create

supporting environment for entrepreneurship and innovation today is not enough. Major changes in what is regarded

Finally, the following reports give a deeper understanding of the entrepreneurial environment in Europe †Adecco, INSEAD, Human Capital Leadership Institute (2013), Global Talent Competitiveness Index


WEF_GlobalCompetitivenessReport_2014-15.pdf.txt

and Business Environment Thanasis Printsipas, Economist, Entrepreneurship Guatemala FUNDESA Felipe Bosch G.,President of the Board of directors

being respectful of the environment. In sum, the social and environmental dimensions of an economy need

by a changing environment characterized by greater difficulty accessing capital as well as lower prices for the commodities that fueled past growth†a trend that is

The institutional environment is determined by the legal and administrative framework within which individuals firms, and governments interact to generate wealth.

importance of a sound and fair institutional environment has become all the more apparent during the recent

business environment. Indicators capturing the quality of government management of public finances are therefore included here to complement the measures of

Macroeconomic environment The stability of the macroeconomic environment is important for business and, therefore, is significant for

the overall competitiveness of a country. 10 Although it is certainly true that macroeconomic stability alone cannot

in a sustainable manner unless the macro environment is stable. Macroeconomic stability captured the attention

the stability of the macroeconomic environment, so it does not directly take into account the way in which

their changing environment and the evolving needs of the production system. This pillar measures secondary

The best possible environment for the exchange of goods requires a minimum of government intervention that impedes business activity.

equity in the business environment between women and men. Taken together these factors have a positive effect

an environment that is conducive to innovative activity and supported by both the public and the private

environment Pillar 4. Health and primary education Figure 1: The Global Competitiveness Index framework Key for

environment Pillar 4. Health and primary education Pillar 11. Business sophistication Pillar 12. Innovation Pillar 5. Higher education and

environment (pillar 3), and a healthy workforce that has received at least a basic education (pillar 4

Switzerland†s macroeconomic environment is among the most stable in the world (12th) at a time when many

macroeconomic environment and fiscal management 15th) †its budget surplus amounted to 6. 9 percent of

BASIC REQUIREMENTS 1. Institutions 2. Infrastructure 3. Macroeconomic environment 4. Health and primary education Country/Economy Rank Score Rank Score Rank Score Rank Score Rank Score

BASIC REQUIREMENTS 1. Institutions 2. Infrastructure 3. Macroeconomic environment 4. Health and primary education Country/Economy Rank Score Rank Score Rank Score Rank Score Rank Score

macroeconomic environment remains the country†s greatest area of weakness (113th), although the fiscal deficit continues to narrow

macroeconomic environment and financial development Moreover, Germany†s education system is assessed less positively than it was in previous years (16th

adapt rapidly to a changing environment and has laid the ground for high levels of technological adoption and

competition (6th) and an environment that facilitates new business creation. Notwithstanding these strengths some concerns remain about the efficiency of Belgium†s

) a solid macroeconomic environment (20th; and high levels of education and training (20th. Its labor market is also more efficient than in most countries in the

focus on strengthening its macroeconomic environment which remains burdened by a fairly high budget deficit As Croatia will move into the innovation-driven stage of

environment (7th, second only to Norway among OECD countries. The country also boasts excellent infrastructure (14th),

moves up 12 places in the macroeconomic environment pillar and now ranks 19th, its best showing among

the overall business environment and market efficiency 95th, down 10 places) are undermined by protectionism monopolies, and various distortionary measures, including

macroeconomic environment pillar of the GCI. With the exception of 2007, the central government has consistently

environment (101 Health and primary education (98 Higher education and training (93 Goods market efficiency (95

its relatively stable macroeconomic environment 53rd), its large and deep internal market that allows for important economies of scale (10th), reasonably

crisis. A very unstable macroeconomic environment with high levels of inflation, public debt, and deficit coupled

environments will help restore the still-shaken investor confidence in countries in transition in the region

macroeconomic environment (5th) and some positive aspects of the country†s institutions†such as strong public trust in politicians (3rd) and high government

9th), and a favorable financial environment for start-ups availability of venture capital is assessed at 9th place

to the macroeconomic environment (50th), although improvements have taken place between 2012 and 2013 as the fiscal deficit and public debt were reduced.

environment, particularly its administrative aspects Continuing the process of economic diversification which has boosted already exports and FDI in higher

environment, which remains the country†s most important competitiveness strength (11th. Yet improvements are seen also in other areas, such as

environment has deteriorated over recent years to reach 141st position mainly because of a widening fiscal deficit, rising public indebtedness, and persisting

macroeconomic environment (13th), based on balanced fiscal budgets. However, the country†s heavy reliance on diamond mining (which accounts for one-third of

functioning institutional environment (50th), with well -protected property rights, an independent judiciary, and a fairly efficient government.

the enabling environment for businesses. Following the adoption of the country†s new constitution in 2010, which

macroeconomic environment (126th; and health remains an area of serious concern (117th. Finally, the security

macroeconomic environment remains challenging and is characterized by a high government deficit of 5. 4 percent

environment and market size, but much remains to be done across the board to build up the country†s

environments must be in place However, and perhaps even more importantly, strong leadership in both the public and private sectors is essential

competitiveness environment and pinpoint those factors most constraining its economic development. More specifically, the GCI provides a platform for dialogue

Macroeconomic environment...25 %3. 01 Government budget balance *3. 02 Gross national savings *3. 03 Inflation*f

movement concerned with protecting the environment and in particular with the effects of environmental damage on the health and well-being of both humans

and the environment Over the past decades, these ideas have become prominent in the global discourse and have helped to

the environment have become evident, and as concerns voiced over the distribution of the benefits of economic

Environment Programme, Switzerland  2014 World Economic Forum The Global Competitiveness Report 2014†2015 55

Banking and Environment Initiative (BEI) comprises 10 of the world†s largest banks, including Barclays, China Construction

Government†s Department of the Environment at http://www. envi -ronment. gov. au/climate-change/repealing-carbon-tax

environment improves the productivity of the workforce by reducing health damage caused by pollution or environmental degradation.

Finally, environment-driven health problems lead to resource misallocation, forcing governments to fund additional, and otherwise unnecessary

an enabling environment for human capital formation reinforcing the wage and productivity growth link, fostering

The quality of the environment and the structure of a society are correlated clearly. On the one hand, well

environment negatively affects the health, and thus the productivity, of the workforce. It also reduces

are children†s. An unhealthy environment dampens economic opportunities, prevents people from participating in the life of the community, diverts

•Demography, poverty, and the environment The relationship between demography and environmental/social sustainability is extremely

poverty may also affect the environment and may lead to massive unplanned urbanization, such as slums, where large segments of the population

the environment, including deforestation and the pollution of water resources, which results from the lack of waste management

An additional link between energy, environment and social sustainability is the use of particular alternative energy sources such as ethanol and

macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market

degradation of the environment, which can cause serious damage to human health while destroying the

natural environment. Particulate matter concentration is a proxy for air pollution, which has proven negative effects

The quality of the natural environment is based a perception assessment of the local status of the environment that measures the observation of

local business leaders on the ground. CO2 intensity is a measure of the efficiency of energy use in relation to the

Environmental policy Use of renewable resources Degradation of the environment •Environmental regulations stringency and enforcement

•Quality of the natural environment Figure 3: Summary of indicators for environmental sustainability  2014 World Economic Forum

the environment side, similar to other economies in the region, Norway is making efforts to reduce its footprint

as it pertains to the environment. In terms of social sustainability, China is slowly expanding access to

impact on the environment, including air and water pollution, where only a negligible fraction of the water

the natural environment. Although on some issues the authorities are working to improve the situation, little

has adopted measures to protect the environment with a relatively strict regulatory framework, a strong commitment to international treaties, the creation of

environment policy. Yet protection of forests and habitats remains an issue, with logging related to timber production and agriculture reducing the stock of

commitments to most of the international environment treaties are important steps that the country has recently

taken toward protecting the environment. By expanding the protection of its resources, Senegal could achieve a

8 This definition is from the World Commission on Environment and Development†s (the Brundtland Commission†s) report

Environment and Directed Technical Change. †American Economic Review 102 (1: 131†66 Acemoglu, D.,S. Naidu, P. Restrepo,

Introduction. †Environment and Development Economics 2 369†81 Bäthge, S. 2010. â€oeclimate Change and Gender:

Environment. May, Pub. No. 4532. Available at http://www. cbo gov/sites/default/files/cbofiles/attachments/44223 carbon 0. pdf

Institute for Environment and Development Nachmany, M.,Fankhauser, S.,Townshend, T.,Collins, M. Landesman T.,Matthews, A.,Pavese, C.,Rietig, K.,Schleifer, P. and Setzer, J

††â€. 1994. â€oelocational Competition and the Environment: Should Countries Harmonize Their Environmental Policies?

††â€. 2012. â€oehealth and the Environment. †In OECD Environmental Outlook to 2050:

UNEP (United nations Environment Programme. 2010a. â€oehow Close Are We to the Two Degree Limit? †Information Note.

Environment Forum, February 24†26, Bali, Indonesia. Available at http://www. unep. org/PDF/Pressreleases/temperature-briefing-21

Environment Programme as part of its Green Economy Initiative, April. Available at http://www. unep. org/PDF

Environment Programme UNEP (United nations Environment Programme), World Meteorological Organization. 1997. Common Questions about Climate Change

Available at http://www. gcrio. org/ipcc/qa/index. htm UN-HABITAT (United nations Human Settlements Programme.

S20 Quality of the natural environment NOTES a Formally we have 0. 4 x country score †sample minimum

WDPA) developed by the United nations Environment Programme UNEP) World Conservation Monitoring Centre (WCMC) in 2011

S20 Quality of the natural environment In your country, how would you assess the quality of the

natural environment? 1=extremely poor, among the worst in the world; 7=among the world†s most pristine 2013†2014

V. Financial Environment VI. Foreign Trade and Investment VII. Domestic Competition VIII. Company Operations and Strategy

Environment XIV. Health Most questions in the Survey ask respondents to evaluate, on a scale of 1 to 7, one particular aspect of

their operating environment. At one end of the scale, 1 represents the worst possible situation;

especially in challenging environments where the administration of the Survey is difficult. Third, in some

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...122.3.8 Health and primary education...62.5.8 Efficiency enhancers (50.0%).95.3.7 Higher education and training...60.4.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†6. 2...123 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...122.3.8 Health and primary education...62.5.8 Efficiency enhancers (50.0%).95.3.7 Higher education and training...60.4.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†6. 2...123 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...11.6.4 Health and primary education...81.5.6 Efficiency enhancers (35.7%).125.3.3 Higher education and training...98.3.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 1...20 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...71.4.7 Health and primary education...136.3.5 Efficiency enhancers (35.6%).140.2.8 Higher education and training...144.1.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 5...42 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...102.4.2 Health and primary education...67.5.8 Efficiency enhancers (50.0%).93.3.8 Higher education and training...45.4.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 5...83 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...77.4.6 Health and primary education...99.5.3 Efficiency enhancers (50.0%).87.3.8 Higher education and training...75.4.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 5...64 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...30.5.6 Health and primary education...17.6.5 Efficiency enhancers (50.0%).15.5.2 Higher education and training...11.5.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 7...86 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...33.5.5 Health and primary education...19.6.4 Efficiency enhancers (50.0%).23.5.0 Higher education and training...15.5.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 8...48 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...9...6. 4 Health and primary education...104.5.2 Efficiency enhancers (37.8%).71.4.1 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 8...15 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...47.5.2 Health and primary education...40.6.2 Efficiency enhancers (50.0%).40.4.5 Higher education and training...55.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 4...98 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...72.4.7 Health and primary education...102.5.3 Efficiency enhancers (35.0%).103.3.6 Higher education and training...125.2.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 0...90 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...132.3.4 Health and primary education...16.6.5 Efficiency enhancers (50.0%).54.4.3 Higher education and training...30.5.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†10.3.140 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...70.4.7 Health and primary education...2...6. 7 Efficiency enhancers (50.0%).18.5.1 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 8...69 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...119.3.9 Health and primary education...89.5.5 Efficiency enhancers (45.0%).123.3.3 Higher education and training...108.3.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 0...92 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...35.5.5 Health and primary education...109.4.9 Efficiency enhancers (45.5%).116.3.4 Higher education and training...97.3.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 1...19 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...13.6.3 Health and primary education...127.4.1 Efficiency enhancers (42.4%).84.3.9 Higher education and training...101.3.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 2...18 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...85.4.5 Health and primary education...77.5.7 Efficiency enhancers (50.0%).42.4.5 Higher education and training...41.4.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 3...81 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...36.5.4 Health and primary education...51.6.0 Efficiency enhancers (50.0%).52.4.3 Higher education and training...63.4.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 9...49 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...83.4.5 Health and primary education...141.3.2 Efficiency enhancers (35.0%).132.3.2 Higher education and training...136.2.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 0...76 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...112.4.0 Health and primary education...114.4.6 Efficiency enhancers (35.0%).144.2.6 Higher education and training...142.2.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 9...52 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...80.4.6 Health and primary education...91.5.4 Efficiency enhancers (35.0%).100.3.6 Higher education and training...123.2.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 0...72 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...90.4.4 Health and primary education...112.4.7 Efficiency enhancers (35.0%).113.3.5 Higher education and training...117.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 2...95 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...51.5.1 Health and primary education...7...6. 6 Efficiency enhancers (50.0%).6...5. 4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 0...74 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...106.4.1 Health and primary education...57.6.0 Efficiency enhancers (50.0%).127.3.3 Higher education and training...89.3.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 7...133 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...73.4.7 Health and primary education...144.2.7 Efficiency enhancers (35.0%).142.2.7 Higher education and training...143.2.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 4...61 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...22.5.9 Health and primary education...70.5.7 Efficiency enhancers (50.0%).29.4.7 Higher education and training...32.5.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 7...32 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...10.6.4 Health and primary education...46.6.1 Efficiency enhancers (50.0%).30.4.7 Higher education and training...65.4.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 9...50 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...29.5.6 Health and primary education...105.5.2 Efficiency enhancers (50.0%).63.4.2 Higher education and training...69.4.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 0...37 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...93.4.4 Health and primary education...48.6.1 Efficiency enhancers (50.0%).56.4.3 Higher education and training...37.5.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 6...116 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...68.4.7 Health and primary education...140.3.2 Efficiency enhancers (35.0%).108.3.6 Higher education and training...121.3.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 5...63 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...91.4.4 Health and primary education...60.5.9 Efficiency enhancers (50.0%).68.4.1 Higher education and training...53.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 5...114 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...134.3.3 Health and primary education...9...6. 5 Efficiency enhancers (50.0%).57.4.3 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 7...105 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...40.5.4 Health and primary education...37.6.2 Efficiency enhancers (50.0%).34.4.6 Higher education and training...35.5.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 9...70 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...16.6.1 Health and primary education...25.6.4 Efficiency enhancers (50.0%).17.5.1 Higher education and training...10.5.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 4...29 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...94.4.4 Health and primary education...107.5.0 Efficiency enhancers (50.0%).90.3.8 Higher education and training...99.3.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 6...85 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...141.3.0 Health and primary education...97.5.4 Efficiency enhancers (50.0%).106.3.6 Higher education and training...111.3.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†14.1.142 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...100.4.2 Health and primary education...80.5.6 Efficiency enhancers (50.0%).96.3.7 Higher education and training...94.3.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 0...93 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...20.6.0 Health and primary education...26.6.3 Efficiency enhancers (50.0%).27.4.7 Higher education and training...20.5.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 4...28 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...95.4.4 Health and primary education...110.4.8 Efficiency enhancers (35.0%).120.3.4 Higher education and training...131.2.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 4...82 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...43.5.3 Health and primary education...1...6. 9 Efficiency enhancers (50.0%).10.5.3 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 6...67 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...82.4.6 Health and primary education...18.6.4 Efficiency enhancers (50.0%).19.5.1 Higher education and training...28.5.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 2...96 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...18.6.0 Health and primary education...130.4.0 Efficiency enhancers (41.4%).119.3.4 Higher education and training...126.2.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 7...45 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...142.3.0 Health and primary education...133.3.9 Efficiency enhancers (35.0%).117.3.4 Higher education and training...107.3.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†8. 2...135 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...48.5.1 Health and primary education...63.5.8 Efficiency enhancers (50.0%).79.3.9 Higher education and training...92.3.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 3...40 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...24.5.8 Health and primary education...14.6.5 Efficiency enhancers (50.0%).9...5. 3 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 0...23 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...133.3.4 Health and primary education...121.4.5 Efficiency enhancers (35.0%).89.3.8 Higher education and training...106.3.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†10.8.141 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...135.3.3 Health and primary education...41.6.1 Efficiency enhancers (50.0%).65.4.1 Higher education and training...44.4.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 6...66 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...64.4.7 Health and primary education...100.5.3 Efficiency enhancers (50.0%).76.4.0 Higher education and training...103.3.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 1...53 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...138.3.2 Health and primary education...139.3.3 Efficiency enhancers (35.0%).138.2.9 Higher education and training...140.2.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 3...111 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...118.3.9 Health and primary education...113.4.7 Efficiency enhancers (50.0%).109.3.6 Higher education and training...82.4.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 1...94 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...120.3.9 Health and primary education...126.4.2 Efficiency enhancers (35.0%).135.3.1 Higher education and training...109.3.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†6. 7...126 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...123.3.8 Health and primary education...85.5.5 Efficiency enhancers (39.8%).99.3.6 Higher education and training...100.3.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 4...131 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...14.6.2 Health and primary education...32.6.3 Efficiency enhancers (50.0%).3...5. 6 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 8...16 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...61.4.8 Health and primary education...64.5.8 Efficiency enhancers (50.0%).53.4.3 Higher education and training...52.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 4...59 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...92.4.4 Health and primary education...10.6.5 Efficiency enhancers (50.0%).35.4.6 Higher education and training...13.5.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 9...51 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...101.4.2 Health and primary education...98.5.4 Efficiency enhancers (35.0%).61.4.2 Higher education and training...93.3.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 3...129 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...34.5.5 Health and primary education...74.5.7 Efficiency enhancers (50.0%).46.4.4 Higher education and training...61.4.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 1...55 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...62.4.8 Health and primary education...52.6.0 Efficiency enhancers (48.6%).98.3.7 Higher education and training...78.4.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 9...35 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...130.3.5 Health and primary education...8...6. 5 Efficiency enhancers (50.0%).21.5.0 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 4...132 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...50.5.1 Health and primary education...44.6.1 Efficiency enhancers (50.0%).26.4.8 Higher education and training...36.5.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 2...79 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...108.4.1 Health and primary education...22.6.4 Efficiency enhancers (50.0%).47.4.4 Higher education and training...47.4.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 0...77 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...136.3.3 Health and primary education...72.5.7 Efficiency enhancers (50.0%).77.3.9 Higher education and training...76.4.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 1...21 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...127.3.6 Health and primary education...6...6. 6 Efficiency enhancers (50.0%).7...5. 4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†8. 4...136 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...131.3.4 Health and primary education...47.6.1 Efficiency enhancers (50.0%).70.4.1 Higher education and training...48.4.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 3...110 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...27.5.7 Health and primary education...96.5.4 Efficiency enhancers (50.0%).48.4.3 Higher education and training...62.4.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*5. 0...9 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...126.3.7 Health and primary education...120.4.6 Efficiency enhancers (35.0%).66.4.1 Higher education and training...95.3.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†6. 2...124 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...7...6. 4 Health and primary education...27.6.3 Efficiency enhancers (50.0%).25.4.8 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*1. 0...14 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...3...6. 7 Health and primary education...82.5.6 Efficiency enhancers (41.3%).83.3.9 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*28.9.2 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...104.4.2 Health and primary education...101.5.3 Efficiency enhancers (35.0%).104.3.6 Higher education and training...91.3.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 8...88 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...124.3.8 Health and primary education...90.5.4 Efficiency enhancers (35.0%).107.3.6 Higher education and training...110.3.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 7...104 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...32.5.5 Health and primary education...31.6.3 Efficiency enhancers (50.0%).36.4.6 Higher education and training...31.5.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 3...41 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...143.2.6 Health and primary education...30.6.3 Efficiency enhancers (50.0%).85.3.9 Higher education and training...67.4.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†9. 5...138 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...28.5.7 Health and primary education...128.4.0 Efficiency enhancers (35.0%).130.3.2 Higher education and training...116.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*3. 0...10 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...41.5.4 Health and primary education...119.4.6 Efficiency enhancers (36.1%).137.3.0 Higher education and training...102.3.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*1. 6...12 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...42.5.3 Health and primary education...35.6.2 Efficiency enhancers (50.0%).38.4.5 Higher education and training...26.5.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 1...54 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...8...6. 4 Health and primary education...36.6.2 Efficiency enhancers (50.0%).22.5.0 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 0...22 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...55.4.9 Health and primary education...78.5.6 Efficiency enhancers (50.0%).69.4.1 Higher education and training...71.4.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 0...91 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...81.4.6 Health and primary education...125.4.3 Efficiency enhancers (35.0%).128.3.3 Higher education and training...130.2.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 5...44 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...144.2.4 Health and primary education...123.4.4 Efficiency enhancers (35.0%).122.3.4 Higher education and training...132.2.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†6. 7...125 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...44.5.3 Health and primary education...33.6.3 Efficiency enhancers (50.0%).24.4.9 Higher education and training...46.4.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 6...102 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...86.4.5 Health and primary education...138.3.3 Efficiency enhancers (35.0%).129.3.2 Higher education and training...128.2.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 7...68 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...65.4.7 Health and primary education...20.6.4 Efficiency enhancers (50.0%).44.4.4 Higher education and training...42.4.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 9...71 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...115.4.0 Health and primary education...137.3.5 Efficiency enhancers (35.0%).143.2.7 Higher education and training...141.2.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 1...38 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...74.4.7 Health and primary education...42.6.1 Efficiency enhancers (50.0%).59.4.2 Higher education and training...54.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 5...84 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...53.5.0 Health and primary education...71.5.7 Efficiency enhancers (50.0%).60.4.2 Higher education and training...87.4.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 9...89 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...56.4.9 Health and primary education...93.5.4 Efficiency enhancers (38.4%).88.3.8 Higher education and training...84.4.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 8...46 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...125.3.8 Health and primary education...65.5.8 Efficiency enhancers (43.0%).92.3.8 Higher education and training...68.4.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†10.1.139 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...88.4.5 Health and primary education...29.6.3 Efficiency enhancers (50.0%).73.4.0 Higher education and training...51.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 4...60 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...66.4.7 Health and primary education...76.5.7 Efficiency enhancers (50.0%).78.3.9 Higher education and training...104.3.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 4...113 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...110.4.1 Health and primary education...135.3.6 Efficiency enhancers (35.0%).131.3.2 Higher education and training...138.2.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 6...101 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...116.4.0 Health and primary education...117.4.6 Efficiency enhancers (35.0%).134.3.1 Higher education and training...135.2.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 9...108 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...78.4.6 Health and primary education...115.4.6 Efficiency enhancers (50.0%).97.3.7 Higher education and training...115.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 7...103 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...37.5.4 Health and primary education...75.5.7 Efficiency enhancers (35.0%).115.3.4 Higher education and training...113.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*2. 0...11 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...39.5.4 Health and primary education...5...6. 6 Efficiency enhancers (50.0%).8...5. 3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 1...78 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...25.5.8 Health and primary education...4...6. 7 Efficiency enhancers (50.0%).11.5.3 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 6...31 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...67.4.7 Health and primary education...95.5.4 Efficiency enhancers (35.0%).118.3.4 Higher education and training...114.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 5...30 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...76.4.6 Health and primary education...143.3.0 Efficiency enhancers (35.0%).82.3.9 Higher education and training...124.2.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 9...106 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...1...6. 8 Health and primary education...15.6.5 Efficiency enhancers (50.0%).13.5.2 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*11.1.4 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...6...6. 6 Health and primary education...54.6.0 Efficiency enhancers (50.0%).49.4.3 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*5. 8...8 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...137.3.2 Health and primary education...129.4.0 Efficiency enhancers (35.0%).101.3.6 Higher education and training...127.2.8

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 8...134 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...52.5.1 Health and primary education...79.5.6 Efficiency enhancers (50.0%).55.4.3 Higher education and training...66.4.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 0...75 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...54.5.0 Health and primary education...111.4.8 Efficiency enhancers (50.0%).112.3.5 Higher education and training...112.3.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 8...47 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...21.5.9 Health and primary education...94.5.4 Efficiency enhancers (50.0%).62.4.2 Higher education and training...83.4.1

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 5...17 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...26.5.8 Health and primary education...92.5.4 Efficiency enhancers (46.9%).58.4.3 Higher education and training...64.4.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 1...25 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...63.4.8 Health and primary education...39.6.2 Efficiency enhancers (50.0%).32.4.6 Higher education and training...34.5.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 5...100 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...128.3.5 Health and primary education...24.6.4 Efficiency enhancers (50.0%).37.4.6 Higher education and training...24.5.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 9...107 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...99.4.2 Health and primary education...103.5.3 Efficiency enhancers (50.0%).28.4.7 Higher education and training...27.5.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 2...109 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...2...6. 7 Health and primary education...28.6.3 Efficiency enhancers (50.0%).20.5.0 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*11.1.3 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...46.5.2 Health and primary education...88.5.5 Efficiency enhancers (50.0%).50.4.3 Higher education and training...58.4.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 5...65 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...31.5.5 Health and primary education...56.6.0 Efficiency enhancers (50.0%).41.4.5 Higher education and training...39.5.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 3...39 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...79.4.6 Health and primary education...86.5.5 Efficiency enhancers (35.0%).91.3.8 Higher education and training...122.3.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 5...62 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...4...6. 7 Health and primary education...50.6.0 Efficiency enhancers (47.8%).33.4.6 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*8. 3...6 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...97.4.3 Health and primary education...131.4.0 Efficiency enhancers (35.0%).102.3.6 Higher education and training...119.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 4...112 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...129.3.5 Health and primary education...68.5.8 Efficiency enhancers (50.0%).80.3.9 Higher education and training...74.4.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 7...117 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...57.4.9 Health and primary education...55.6.0 Efficiency enhancers (50.0%).105.3.6 Higher education and training...85.4.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*1. 2...13 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...117.3.9 Health and primary education...142.3.2 Efficiency enhancers (35.0%).136.3.1 Higher education and training...137.2.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 2...56 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...15.6.1 Health and primary education...3...6. 7 Efficiency enhancers (50.0%).2...5. 7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*6. 9...7 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...45.5.2 Health and primary education...84.5.5 Efficiency enhancers (50.0%).51.4.3 Higher education and training...56.4.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 0...73 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...98.4.3 Health and primary education...12.6.5 Efficiency enhancers (50.0%).64.4.2 Higher education and training...25.5.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†14.2.143 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...89.4.5 Health and primary education...132.4.0 Efficiency enhancers (50.0%).43.4.4 Higher education and training...86.4.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 3...97 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...121.3.8 Health and primary education...34.6.3 Efficiency enhancers (50.0%).31.4.7 Higher education and training...29.5.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 2...128 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...114.4.0 Health and primary education...45.6.1 Efficiency enhancers (50.0%).75.4.0 Higher education and training...72.4.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 8...120 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...59.4.8 Health and primary education...73.5.7 Efficiency enhancers (50.0%).121.3.4 Higher education and training...105.3.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†6. 0...122 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...60.4.8 Health and primary education...134.3.7 Efficiency enhancers (50.0%).126.3.3 Higher education and training...120.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 7...33 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...17.6.1 Health and primary education...23.6.4 Efficiency enhancers (50.0%).12.5.2 Higher education and training...14.5.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 0...36 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...12.6.4 Health and primary education...11.6.5 Efficiency enhancers (50.0%).5...5. 5 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*0. 0...24 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...23.5.8 Health and primary education...13.6.5 Efficiency enhancers (50.0%).16.5.1 Higher education and training...12.5.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 2...80 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...69.4.7 Health and primary education...83.5.6 Efficiency enhancers (35.0%).111.3.5 Higher education and training...88.4.0

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 8...34 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...109.4.1 Health and primary education...108.4.9 Efficiency enhancers (35.0%).114.3.4 Higher education and training...134.2.4

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 6...115 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...19.6.0 Health and primary education...66.5.8 Efficiency enhancers (50.0%).39.4.5 Higher education and training...59.4.6

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 2...27 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...49.5.1 Health and primary education...124.4.4 Efficiency enhancers (50.0%).141.2.8 Higher education and training...133.2.5

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*36.1.1 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...38.5.4 Health and primary education...59.5.9 Efficiency enhancers (50.0%).81.3.9 Higher education and training...77.4.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 3...58 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...111.4.0 Health and primary education...53.6.0 Efficiency enhancers (50.0%).94.3.7 Higher education and training...73.4.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 9...121 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...58.4.8 Health and primary education...69.5.8 Efficiency enhancers (50.0%).45.4.4 Higher education and training...50.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†1. 5...43 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...96.4.4 Health and primary education...122.4.4 Efficiency enhancers (35.0%).110.3.5 Higher education and training...129.2.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†3. 7...87 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...105.4.1 Health and primary education...43.6.1 Efficiency enhancers (50.0%).67.4.1 Higher education and training...40.4.9

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†4. 5...99 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...5...6. 6 Health and primary education...38.6.2 Efficiency enhancers (50.0%).14.5.2 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*10.1.5 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...107.4.1 Health and primary education...21.6.4 Efficiency enhancers (50.0%).4...5. 5 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 8...119 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...113.4.0 Health and primary education...49.6.1 Efficiency enhancers (50.0%).1...5. 7 Higher education and training...

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 3...130 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...84.4.5 Health and primary education...58.5.9 Efficiency enhancers (50.0%).72.4.0 Higher education and training...49.4.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†2. 3...57 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...139.3.1 Health and primary education...87.5.5 Efficiency enhancers (38.0%).124.3.3 Higher education and training...70.4.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†15.1.144 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...75.4.7 Health and primary education...61.5.9 Efficiency enhancers (35.0%).74.4.0 Higher education and training...96.3.7

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†5. 7...118 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...140.3.0 Health and primary education...116.4.6 Efficiency enhancers (35.0%).139.2.9 Higher education and training...139.2.3

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†7. 1...127 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...103.4.2 Health and primary education...118.4.6 Efficiency enhancers (35.0%).86.3.9 Higher education and training...80.4.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†8. 6...137 3. 02 Gross national savings,%GDP*..

environment Health and primary education Higher education and training Goods market efficiency Labor market efficiency Financial market

Macroeconomic environment...87.4.5 Health and primary education...106.5.0 Efficiency enhancers (35.0%).133.3.1 Higher education and training...118.3.2

Macroeconomic environment 3. 01 Government budget balance,%GDP*..*†0. 1...26 3. 02 Gross national savings,%GDP*..

Macroeconomic environment Pillar 4: Health and primary education Pillar 5: Higher education and training Pillar 6: Goods market efficiency

Macroeconomic environment...437 3. 01 Government budget balance...438 3. 02 Gross national savings...439

Macroeconomic environment Data Tables  2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Timor-Leste...

Macroeconomic environment 3. 01 Government budget balance General government budget balance as a percentage of GDP

Nations Environment Programme Finance Initiative (UNEP FI), where she was responsible for organizing the bi -annual Global Roundtable on Sustainable Finance.


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