Page 27 - COMPASS - COMPETITIVENESS REPORT 2022 - COUNCIL OF COMPETITIVENESS IN GREECE

“COMPASS” REPORT 2022 – COUNCIL ON COMPETITIVENESS OF GREECE 25

PILLARS OF
COMPETITIVENESS

The Council on Competitiveness of Greece, taking into account
the results and analysis of all the indices examined, in the context
of the five pillars that comprise the country’s competitiveness
framework, has developed a dynamic approach that assesses

the country’s competitiveness, puts forth pertinent suggestions
for improvement, and makes it possible to track its performance
over the long-term and benchmark it with other countries. The
objective is not only to create a record of the current state of
affairs but also to more widely evaluate the immediate prospects
of the country’s competitiveness, in the context of ongoing
current government initiatives as well as developments and

trends shaping the international competitiveness landscape. The
composite index has been fashioned as a Compass, based on five
pillars that allow us to track the country’s overall competitiveness:

INNOVATION & SOCIETY AND RESOURCES & BUSINESS INSTITUTIONS &
TECHNOLOGY TALENT INFRASTRUCTURE ENVIRONMENT THE ECONOMY

includes topics covers topics examines topics related explores topics related focuses on topics
concerning research concerning education, to the environment, to the operation of concerning the
and development, skills, vocational sustainability, and the market and of operation of the public
creativity, and patents, training, quality of life infrastructure (transport, companies, as well as sector in the areas of
as well as matters and culture telecommunications, corporate governance, public finances, taxation,
concerning the energy, and health) the labour market, and business legislation, and
utilisation of technology financing administrative practices