This is about institutions.
The Global Competitiveness Index (1st pillar: institutions) in detail (2015-2016):
- Property rights ………………………………………………. 3.0 ……….131
- Intellectual property protection …………………………. 2.8 ……….134
- Diversion of public funds …………………………………. 2.4 ……….121
- Public trust in politicians ………………………………….. 3.0 …………71
- Irregular payments and bribes ………………………….. 2.5 ……….133
- Judicial independence …………………………………….. 2.6 ……….121
- Favoritism in decisions of government officials ……. 2.3 ……….120
- Wastefulness of government spending ………………. 3.0 …………80
- Burden of government regulation ……………………… 2.9 ……….111
- Efficiency of legal framework in settling disputes …. 2.7 ……….126
- Efficiency of legal framework in challenging regs. … 2.6 ……….126
- Transparency of government policymaking …………. 2.8 ……….136
- Business costs of terrorism ……………………………… 3.2 ……….131
- Business costs of crime and violence………………… 3.4 ……….120
- Organized crime …………………………………………….. 3.5 ……….124
- Reliability of police services ……………………………… 2.9 ……….125
- Ethical behavior of firms ………………………………….. 3.3 ……….118
- Strength of auditing and reporting standards ……… 2.5 ……….140
- Efficacy of corporate boards ……………………………. 4.1 ……….117
- Protection of minority shareholders’ interests ……… 2.8 ……….137
- Strength of investor protection, 0–10 (best)* ………. 2.9 ……….135
Reference
http://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf