Market Economy Status, Bertelsmann Stiftung’s Transformation Index (BTI), 2018

Market Economy Status index is one of indicators contributing for Bertelsmann Stiftung’s Transformation Index (BTI). The short description of Bertelsmann Stiftung’s Transformation Index (BTI)is given below :- Advocating reforms aimed at supporting the development of a constitutional democracy and a socially responsible market economy, the BTI provides the framework for an exchange of good practices among agents of reform.

The BTI publishes two rankings, the Status Index and the Management Index, both of which are based on in-depth assessments of 129 countries. The Status Index ranks the countries according to the state of their democracy and market economy, while the Management Index ranks them according to their respective leadership’s management performance. Distributed among the dimensions of democracy, market economy and management, a total of 17 criteria are subdivided into 49 questions.