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Continuation...<br />
questions appear speculative in nature. For<br />
example, WEF conducts executive surveys<br />
to ask participants to indicate “public trust in<br />
politicians” on a 1-7 scale. In another case,<br />
WB DB Ranking has a parameter for “time it<br />
takes to start a business in a country”. Such<br />
inputs, even if published officially in a<br />
country, would be a range and not a fixed<br />
number, and averaging the range to a<br />
number would lead to loss of information.<br />
Comparative<br />
Alignment of<br />
Index Values<br />
As the indexes essentially attempt to<br />
measure the same features of a country’s<br />
business and economic environment, it is<br />
expected that for a country the index values<br />
should correlate well with each other.<br />
Figures 1 and 2 depict the trend of IMD WCC<br />
Index and WEF GCI for three developed<br />
Asian countries – Japan, South Korea and<br />
Singapore and two developing A countries –<br />
China (mainland) and India. WEF GCI data<br />
is available only from 2006 onwards. WB DB<br />
is not charted, as the data is available for a<br />
few years only.<br />
Figure 1: Trend of IMD WCC Index and WEF GCI for Japan, South Korea and Singapore<br />
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