Relationship between Infrastructure and Technological Readiness based on Global Competitiveness Report: a Guidance for Developing Countries

The technology is the factor of wealth creation. The more effective use of technology severely affects the competition conditions. The concept of competitiveness has attracted abundant attentions of both scholars and governors during the past decade. During this period, the World Economic Forum has published its annual reports which encompass Global Competitiveness Index (GCI) in order to measure national competitiveness in different countries. This paper aims at investigating the interaction between the two sets of Infrastructure and Technological readiness as the two basic pillars of national competitiveness in order to provide information for improving national competitiveness in developing countries. In our study, we used descriptive-correlation methodology. The statistical population was 144 countries whose GCI data were included in GCI 2012-2013 report. Also, we employed Canonical Correlation Analysis (CCA) to investigate interaction between two sets of Infrastructure and Technological readiness . Our findings show that there is a significant and positive relationship between the set of Infrastructure and that of Technological readiness .

Keywords:

Global Competitiveness , Infrastructure , Technological readiness , Canonical Correlation Analysis , Developing Countries