WEF – World Competitiveness Ranking
On 8th Sept., the World Economic Forum released its annual ranking of 133 nations regarding their “competitiveness” – permitting and encouraging economic competition. In the 2008/2009 ranking, Brazil placed 64th, but increased its position by 8 ranks to 56th in the 2009/2010 ranking.
As in the Transparency International ranking, Chile was also ranked 30th in competitiveness – the highest position for a Latin American nation – followed by Costa Rica (55th). Ranked below Brazil were – Panama (59th), Mexico (60th), Uruguay (65th), Colombia 69th), Peru (78th) and Argentina (85th). Bolivia (120th) and Paraguay (124th) were the worst ranked in the region. Regarding the other BRICs, China was ranked 29th, India in 49th rank and Russia at 63rd.
How was Brazil’s ranking composed? This index is composed of several variables ⇒ Labor Market (10th), Business Sophistication (32nd), Innovation (43rd), Technological Readiness (46th), Financial Market Sophistication (51st), Training & University Education (58th), Infrastructure (74th), Health & Basic Education (79th), Labor Market Efficiency (80th), Institutions (93rd), Market Efficiency (99th), and Macroeconomic Stability (109th). Brazil’s bank spreads are ranked very badly – 131st (out of 133 nations). The average for spreads of Brazilian banks is 35.6% versus 457.5% in Zimbabwe and 33.5% in Madagascar.
See: Global Competitiveness Report
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