"Although progress has been recorded over time in certain areas, Cyprus lags behind some benchmark countries
and the EU average when it comes to indicators of productivity, international trade and foreign direct investment," said Takis Klerides, the chairman of the Council in the introduction to the report.
"Australia is one of the benchmark countries
Kenya was the first to ratify ACFTA, which has in under a year achieved 22 benchmark countries
, making it one of the biggest and most profitable markets.
The projected fiscal adjustment in the cyclically adjusted primary balance is large by comparison to the benchmark countries
In India, only four per cent of the fruits are processed compared to other benchmark countries
, such as 23 per cent in China, 50 per cent in Indonesia and 70 per cent in Brazil.
The study provides only an overall general assessment of price level and while comparing the prices of selected retail services with those of benchmark countries
, the report highlights Oman's ranking as compared to the selected countries.
Five exports account for 64% of all exports in Africa compared with an average of 44% in the eight benchmark countries
. Africa needs more factories because manufacturing has greater spillovers for the rest of the economy than mining and gives variety to export income.
CPIA is meant to benchmark countries
according to institutions and policy measures/reforms.
The assessment using a benchmark index system to rank the readiness and capacity of a country to carry out sustainable, long term PPP projects, was conducted on 11 developing economies in the region, along with four benchmark countries
, and Gujarat State in India.
The authorities can benchmark countries
like Maldives or even Malaysia on this (with proper rational by looking at Sri Lankan context).Accordingly it is important for Sri Lanka to make use of this opportunity by using the strategic perspective with long term Mission.
Pakistan should benchmark countries
that have successfully followed this model in recent times.
"Studies from benchmark countries
, like Australia, Ireland, Switzerland, UK and Finland, showed that vocational training conducted in the classrooms were not as effective as programmes that included extensive workplace experience," it said.