Need to improve Pakistan’s GTI ranking

According to the Global Talent Index (GTI) 2011 by the Economist IntelligentUnit, Pakistan has been placed at 56th position among the 60 world economies while China is at number 33 and India at 35. Components of the GTI are demographics, compulsory education and university education, quality of labour force, talent environment, openness and inclination to attracting talent. These components help assess a country’s potential to produce talent as measured by demographic trends, the country’s ability to develop talent, as determined by educational infrastructure; conditions for skilled labour force and tendency of a country’s economy to foster competitive. Pakistan’s overall score in GTI 2011 was 27 out of 100 with China scored 41.3 and India 40.5. Among the components of GTI Pakistan’s highest score was in demographics being 55.3 percent mainly due to the high percentage of its young population. However, both China and India were way ahead in demographics with percentages of 68.6 and 75.4 respectively because of better skilled youth. The index shows that in compulsory education, Pakistan’s score was only 9.8 percent against 64 percent by China and 32 percent by India. While in university education, Pakistan scored 5.4 percent, while China scored 24.4 percent and India 15.2 percent. As far as the quality of labour force is concerned, Pakistan’s score was 29.9 percent against 40.4 percent by China and 64 percent by India. While the quality of skills in Indian workforce is higher than in China. In the talent environment, Pakistan scored 36.1 percent against 58.3 percent in China and 44.4 percent in India. However, one factor that gives strength to the government’s endeavours to inflate the health of the national economy is that Pakistan’s score in the openness of economy was 51.1 percent against 35.5 percent in China and 34.3 percent in India. Thus, Pakistan is better placed in attracting talent and openness of the economy against China and India. Similarly, Pakistan improved its position to 54 on perceived global talent index of 2015 mainly on improvement in its demographics, talent environment and proclivity to attracting talent. This comparison gives a clear picture about Pakistan’s ranking in the world economies and pursues the government to take a set of stringent initiatives to encourage the talent as it would increase the national GDP. Pakistan has abundant potential both in natural resources and skilled manpower. The proper outsourcing of manpower potential and taping of natural resources would further define the economic track and subsequently improve the country’s ranking in the GTI. The guidelines are very much clear on which the government can encourage not only the talent but it can also increase our GDP. If Pakistan wants to become a self-reliant country, it has to concentrate on improving GTI ranking as good talent spells into better growth and high GDP. In 2011 the country scored 27 points and in 2015 its expected points are 30.8. This is not a big deal, however, the government needs to explore means to achieve the goal.
http://www.technologytimes.pk/2011/06/04/need-to-improve-pakistan%E2%80%99s-gti-ranking/