'World Competitiveness Index' is released by which of the following organizations?

Key Points

• The Institute for Management Development (IMD) is a business education school located in Lausanne, Switzerland.
• IMD is known for its annual World Competitiveness Ranking, which evaluates the ability of countries to create and maintain an environment that sustains the competitiveness of enterprises.
• The World Competitiveness Index assesses and ranks countries based on various parameters including economic performance, government efficiency, business efficiency, and infrastructure.
• IMD's World Competitiveness Center (WCC) publishes the index annually, providing insights into the strengths and weaknesses of different economies globally.

Additional Information

• United Nations Development Programme (UNDP)
  • The UNDP is a United Nations organization tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development.
  • One of its key publications is the Human Development Report, which includes the Human Development Index (HDI).
• World Economic Forum (WEF)
  • The WEF is an international organization for public-private cooperation, known for its annual meeting in Davos, Switzerland.
  • It publishes various reports including the Global Competitiveness Report which assesses the competitiveness landscape of economies around the world.
• World Bank
  • The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
  • It publishes numerous reports and indices, including the Doing Business report which assesses business regulations in different countries.