Application MM112

Key for efficiency-driven economies

• Institution, Infrastructure, Macroeconomic Stability, Health and Primary Education

• Higher Education and training, Goods market efficiency, Labor market efficiency, Financial market sophistication, Technological Readiness and Market Size

• Business Sophistication and Innovation

An increase in a country's wealth and standard of living.

• Economic Growth

• Economic Wealth

• Economic Development

Fiscal and monetary indicators, savings rate and sovereign debt rating

• Macroeconomic stability

• Market Size

• Labor market efficiency

• Business sophistication

The formal recognition by an independent body that an organization operates according to international standards.

• Certification

• Authentication

• Veracity

• Accreditation

The participation and recognition of public authorities in the structure of the accreditation body, which follow strict international regulations.

• Legitimacy

• Equality of criteria

• Ensuring competency

• Risk reduction

The basis of many of the productivity gains of economies in the past.

• Technological Readiness

• Innovation

• Financial Market

• Labor market

International trade has positive effects on the growth of a country’s economy.

• Goods market efficiency

• Macroeconomic stability

• Market size

• Labor market efficiency

Institutions, Infrastructure, Macroeconomic stability, Health and primary education

• Key for factor-driven economies

• Key for efficiency-driven economies

• Key for innovation-driven economies

Transparency for public administration, independence of the judiciary, physical security and corporate governance.

• Business sophistication

• Infrastructure

• Institution

• Macroeconomic stability

ISO 9001 Requirement: Customer Commitment and Focus, Quality Policy, Quality Objectives, QMS Plans, Defined Responsibilities, Authority, and Communication & Management Review

• Quality Management System

• Management Responsibility

• Resource Management

• Product Realization