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Bolivia improves competitiveness ranking By the A.M. Bolivia staff Sept, 9, 2010 Bolivia and Nicaragua improved their competitiveness ranking since last year, according to the World Economic Forum,which released a report Thursday. But despite posting important improvements since last year, Bolivia (108th, up 16 places in a constant sample)and Nicaragua (112th, seven places up in a constant sample) continue to feature in the very bottom of the rankings, trailing behind most of the world in competitiveness, said the forum's report. Major common flaws in the quality of their institutional environment, including rampant crime and violence, widespread red tape, poor educational standards and infrastructure, and inefficient factor markets weaken these countries’ competitiveness fundamentals and should be addressed as a priority going forward, the forum said. Switzerland tops the overall rankings in The Global Competitiveness Report 2010-2011. The United States fell two places to fourth position, overtaken by Sweden (2nd) and Singapore (3rd), after already ceding the top place to Switzerland last year. In addition to the macroeconomic imbalances that have been building up over time, there has been a weakening of the United States’ public and private institutions, as well as lingering concerns about the state of its financial markets. The Nordic countries continue to be well positioned in the ranking, with Sweden, Finland (7th) and Denmark (9th) among the top 10, and with Norway at 14th. Sweden overtook the U.S. and Singapore this year to be placed 2nd overall. The United Kingdom, after falling in the rankings over recent years, moves back up by one place to 12th position. The People’s Republic of China (27th) continues to lead the way among large developing economies, improving by two more places this year, and solidifying its place among the top 30. Three other economies, Brazil (58th), India (51st) and Russia (63rd) remained stable. Several Asian economies performed strongly, with Japan (6th) and Hong Kong SAR (11th) also in the top 20. In Latin America, Chile (30th) is the highest ranked country, followed by Panama (53rd) Costa Rica (56th) and Brazil. |
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