Part 2A.

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Greece

2.1: Country/Economy Profiles

The Global Competitiveness Index in detail ■ Competitive Advantage ■ Competitive Disadvantage

INDICATOR RANK/133 INDICATOR RANK/133

1st pillar: Institutions 6th pillar: Goods market efficiency
1.01 Property rights .............................................................47 ........■ 6.01 Intensity of local competition ......................................68 ........■
1.02 Intellectual property protection....................................42 ........■ 6.02 Extent of market dominance .......................................61 ........■
1.03 Diversion of public funds .............................................86 ........■ 6.03 Effectiveness of anti-monopoly policy .........................59 ........■
1.04 Public trust of politicians..............................................78 ........■ 6.04 Extent and effect of taxation .......................................78 ........■
1.05 Judicial independence .................................................75 ........■ 6.05 Total tax rate* ..............................................................81 ........■
1.06 Favoritism in decisions of government officials ..........93 ........■ 6.06 No. of procedures required to start a business* .......120 ........■
1.07 Wastefulness of government spending.....................107 ........■ 6.07 Time required to start a business* ..............................56 ........■
1.08 Burden of government regulation..............................125 ........■ 6.08 Agricultural policy costs .............................................121 ........■
1.09 Efficiency of legal framework in settling disputes.......90 ........■ 6.09 Prevalence of trade barriers.........................................32 ........■
1.10 Efficiency of legal framework in challenging regs .......84 ........■ 6.10 Tariff barriers* ................................................................5 ........■
1.11 Transparency of government policymaking .................95 ........■ 6.11 Prevalence of foreign ownership .................................79 ........■
1.12 Business costs of terrorism.........................................87 ........■ 6.12 Business impact of rules on FDI ...............................111 ........■
1.13 Business costs of crime and violence .........................68 ........■ 6.13 Burden of customs procedures ...................................61 ........■
1.14 Organized crime...........................................................55 ........■ 6.14 Degree of customer orientation ..................................75 ........■
1.15 Reliability of police services.........................................80 ........■ 6.15 Buyer sophistication ....................................................50 ........■
1.16 Ethical behavior of firms ............................................101 ........■
1.17 Strength of auditing and reporting standards ..............56 ........■ 7th pillar: Labor market efficiency
1.18 Efficacy of corporate boards ......................................104 ........■ 7.01 Cooperation in labor-employer relations ....................120 ........■
1.19 Protection of minority shareholders’ interests ............33 ........■ 7.02 Flexibility of wage determination...............................128 ........■
7.03 Rigidity of employment*............................................111 ........■
2nd pillar: Infrastructure 7.04 Hiring and firing practices ..........................................113 ........■
2.01 Quality of overall infrastructure....................................54 ........■ 7.05 Firing costs* ................................................................40 ........■
2.02 Quality of roads............................................................52 ........■ 7.06 Pay and productivity...................................................120 ........■
2.03 Quality of railroad infrastructure ..................................57 ........■ 7.07 Reliance on professional management .......................94 ........■
2.04 Quality of port infrastructure........................................66 ........■ 7.08 Brain drain ....................................................................83 ........■
2.05 Quality of air transport infrastructure...........................39 ........■ 7.09 Female participation in labor force*.............................88 ........■
2.06 Available seat kilometers* ...........................................33 ........■
2.07 Quality of electricity supply .........................................68 ........■ 8th pillar: Financial market sophistication
2.08 Telephone lines* ..........................................................13 ........■ 8.01 Financial market sophistication....................................58 ........■
8.02 Financing through local equity market.........................52 ........■
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3rd pillar: Macroeconomic stability 8.03 Ease of access to loans ...............................................58 ........■
3.01 Government surplus/deficit* .......................................98 ........■ 8.04 Venture capital availability ............................................75 ........■
3.02 National savings rate*................................................126 ........■ 8.05 Restriction on capital flows .........................................47 ........■
3.03 Inflation* ......................................................................27 ........■ 8.06 Strength of investor protection*................................115 ........■
3.04 Interest rate spread* ...................................................39 ........■ 8.07 Soundness of banks ....................................................45 ........■
3.05 Government debt*.....................................................127 ........■ 8.08 Regulation of securities exchanges .............................50 ........■
8.09 Legal rights index*.......................................................98 ........■
4th pillar: Health and primary education
4.01 Business impact of malaria............................................1 ........■ 9th pillar: Technological readiness
4.02 Malaria incidence* .........................................................1 ........■ 9.01 Availability of latest technologies.................................64 ........■
4.03 Business impact of tuberculosis..................................12 ........■ 9.02 Firm-level technology absorption.................................98 ........■
4.04 Tuberculosis incidence*...............................................38 ........■ 9.03 Laws relating to ICT.....................................................78 ........■
4.05 Business impact of HIV/AIDS ......................................28 ........■ 9.04 FDI and technology transfer ......................................101 ........■
4.06 HIV prevalence*...........................................................54 ........■ 9.05 Mobile telephone subscriptions*.................................22 ........■
4.07 Infant mortality*...........................................................15 ........■ 9.06 Internet users* ............................................................52 ........■
4.08 Life expectancy*..........................................................15 ........■ 9.07 Personal computers* ...................................................63 ........■
4.09 Quality of primary education........................................65 ........■ 9.08 Broadband Internet subscribers*.................................35 ........■
4.10 Primary enrollment* ......................................................5 ........■
4.11 Education expenditure* .............................................107 ........■ 10th pillar: Market size
10.01 Domestic market size index* ......................................29 ........■
5th pillar: Higher education and training 10.02 Foreign market size index*..........................................52 ........■
5.01 Secondary enrollment* ................................................19 ........■
5.02 Tertiary enrollment* .......................................................3 ........■ 11th pillar: Business sophistication
5.03 Quality of the educational system ...............................90 ........■ 11.01 Local supplier quantity .................................................64 ........■
5.04 Quality of math and science education .......................47 ........■ 11.02 Local supplier quality ...................................................61 ........■
5.05 Quality of management schools ..................................80 ........■ 11.03 State of cluster development ......................................87 ........■
5.06 Internet access in schools ...........................................73 ........■ 11.04 Nature of competitive advantage ................................36 ........■
5.07 Local availability of research and training services ......84 ........■ 11.05 Value chain breadth......................................................58 ........■
5.08 Extent of staff training ...............................................101 ........■ 11.06 Control of international distribution .............................55 ........■
11.07 Production process sophistication ...............................63 ........■
11.08 Extent of marketing .....................................................54 ........■
11.09 Willingness to delegate authority ................................94 ........■

12th pillar: Innovation

12.01 Capacity for innovation ..............................................101 ........■
12.02 Quality of scientific research institutions.....................77 ........■
12.03 Company spending on R&D ......................................101 ........■
12.04 University-industry collaboration in R&D .....................90 ........■
12.05 Gov’t procurement of advanced tech products ...........91 ........■
* Hard data 12.06 Availability of scientists and engineers ........................20 ........■
12.07 Utility patents*.............................................................37 ........■
Note: For further details and explanation, please refer to the section “How to
Read the Country/Economy Profiles” at the beginning of this chapter.

The Global Competitiveness Report 2009-2010 © 2009 World Economic Forum