Economic Correspondent: Bangladesh moved a notch down in the World Economic Forum's Global Competitiveness Report (GCR) 2018.
It has been ranked the 103rd most competitive economy in the world which was 102nd in last years' ranking.
Yet, the country remained the most open in South Asia to foreign competition, according to the report.
Bangladesh ranked 103 this year, from a new estimate of last year’s 102th position, among 140 countries in the world, the report of World Economic Forum said.
Bangladesh was in 99th position according to the old estimate of 2017, Khondaker Golam Moyazzem, research director of Center for Policy Dialogue (CPD), said at the launching programme of the GCR report at CIRDAP auditorium in Dhaka on Wednesday morning.
CDP Executive Director Fahmida Khatun and distinguished fellow of the organisation Prof Mustafizur Rahman were present at the programme.
CPD, as a partner of WEF, launched the latest GCR in Bangladesh. The independent think tank has been carrying out the Bangladesh part of the report since 2001.
The report measures national competitiveness -- defined as the set of institutions, policies and factors that determine the level of productivity.
risingbd/Dhaka/October 17, 2018/Nasir/A K Azad