THE COMPETITIVENESS OF TURKISH ECONOMY WITHIN THE SCOPE OF WEF GLOBAL COMPETITIVENESS INDEX

Abstract

The economic depression originated from The Economic Crisis of 2008, productivity and competitiveness became more crucial mainly for the SME's which are much more fragile than the large firms in times of economic fluctuations. In this framework, main aim of this study is to analysis the competitiveness of Turkish economy within the scope of WEF global competitiveness index for the 2011-2012 period. According to WEF global competitiveness index report, Turkish economy The rank of Turkish economy in the WEF global competitiveness index 2011-2012 is 59. The rank of Turkish economy in the basic requirements is 64, in the efficiency enhancers is 52 and in the innovation and sophistication factors is 58. In these circumstances, it is vital for the Turkish economy improve competitiveness level in order to achieve sustainable long run economic growth.