It was interesting to attend a Business Forum in Dubai last week organised by IMD, a global business school based in Switzerland. One of the takeaways from the session was how much lack of business efficiency can adversely impact a country’s competitiveness. This was in the context of UAE’s ranking in the IMD World Competitiveness Yearbook 2011. Though the country ranks at a high of 4 in government efficiency it lags behind in business efficiency which has pulled its ranking to 28 out of 59 countries.
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