International economists discuss UNIDO’s Competitive Industrial Performance index
VIENNA, 13 March 2012 - An expert group meeting to review and further improve the organization’s Competitive Industrial Performance (CIP) index brought together a number of notable economists at UNIDO headquarters from 12 to 13 March.
The experts included Ha-Joon Chang from the University of Cambridge and representatives from an array of international organizations, including the Asian Development Bank, the European Commission, the Organization for Economic Cooperation and Development, and the World Bank.
The Competitive Industrial Performance index, first developed by UNIDO ten years ago, assesses industrial performance using indicators of an economy’s ability to produce and export manufactured goods. The CIP index can be used to rank and benchmark countries’ industrial performance, making it particularly relevant for policymakers.
In the most recent ranking, the top five countries were (in order) Singapore, the United States of America, Japan, Germany and China. As for the regions, the top performer was East Asia and the Pacific.
To mark the tenth anniversary of the publication of the CIP index, UNIDO is planning to enhance its visibility as an advocacy and policymaking tool. Previously, the index has been included in the organization’s flagship Industrial Development Report, but from now on it will be come out as a stand-alone publication.
In this context and with the aim of improving the index’s relevance for policymakers still further, the experts’ meeting analyzed the appropriateness of the indicators selected and the aggregated methodology employed.
For more information, please contact:
Director, UNIDO Research and Statistics Branch
Tel : +43- 1-26026-3729 or 26060-3719