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Economic Fitness
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Economic Fitness (EF) is both a measure of a country’s diversification and ability to produce complex goods on a globally competitive basis. Countries with the highest levels of EF have capabilities to produce a diverse portfolio of products, ability to upgrade into ever-increasing complex goods, tend to have more predictable long-term growth, and to attain good competitive position relative to other countries. Countries with low EF levels tend to suffer from poverty, low capabilities, less predictable growth, low value-addition, and trouble upgrading and diversifying faster than other countries. The comparison of the Fitness to the GDP reveals hidden information for the development and the growth of the countries.
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Economic Fitness (EF) is both a measure of a country’s diversification and ability to produce complex goods on a globally competitive basis. Countries with the highest levels of EF have capabilities to produce a diverse portfolio of products, ability to upgrade into ever-increasing complex goods, tend to have more predictable long-term growth, and to attain good competitive position relative to other countries. Countries with low EF levels tend to suffer from poverty, low capabilities, less predictable growth, low value-addition, and trouble upgrading and diversifying faster than other countries. The comparison of the Fitness to the GDP reveals hidden information for the development and the growth of the countries.
Data Resources
Field | Value |
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Modified Date | 2020-01-08 |
Release Date | |
Periodicity |
Other
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Identifier | 0e2a44f9-39da-4f82-b77c-e177fd3825aa |
Temporal Coverage |
1995 - 2015 |
License |
License Not Specified
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