Wednesday August 17, 2022
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Ecuador Takes the Lead for Progress in Global Competitiveness Report

Ecuador Takes the Lead for Progress in Global Competitiveness Report

Mabel Velástegui by Mabel Velástegui
September 13, 2013
in Brazil, Caribbean, Central America, Chile, Colombia, Costa Rica, Economics, Ecuador, El Salvador, Free Markets, Mexico, News, North America, Panama, Peru, South America, Uruguay
FacebookTwitterTelegramWhatsapp

Ecuador continues to climb positions in the latest Global Competitiveness Report, published recently by the World Economic Forum, based on Geneva. This year, the country moved from 86th to 71st place in the ranking, overtaking countries like Uruguay, El Salvador, and Bolivia. Ecuador also climbed 15 places in last year’s 2012-2013 ranking.

The report, which comprises 148 countries, analyzes the policies and factors from which each economy grows and develops. Thus, it compares the countries’ potential for growth and prosperity. In the 2013-14 edition, the authors constructed the ranking with statistics provided by both the country and international bodies — along with the Executive Opinion Survey from the World Economic Forum, which was answered by more than 13,500 businesspeople around the world.

RelatedArticles

Three Signs That Elon Musk Has the World at His Fingertips

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021

In the case of Ecuador, the most significant progress is visible in the areas of infrastructure, education quality, and innovation. However, in the case of innovation — that is the acceptance and usage of new technologies and institutions — the country’s rating is still low, relatively speaking.

The report points out that Ecuador is benefitting from stable macroeconomic conditions, which have made access to financing through shares and loans easier. Presumably assisted by dollarization, these enable local companies to more easily carry out investment projects.

In spite of this positive trend, however, the country is still facing important challenges which restrain its competitive potential. In particular, the way institutions work continues to be weak, and concerns over the lack of independence in the legal system undermines trust in the general legal framework.


INCAE Business School, in its analysis of the results for eight countries in Latin America (embedded above, in Spanish), argues that the greatest obstacles for doing business in Ecuador are: corruption, security, labor regulations, fiscal regulations, and tax rates. They add that to achieve an efficient use of talent, it is necessary to strengthen the adoption of new technology, as well as rules that would attract investment, and to remove trade barriers.

At the regional level, Latin America has reached a plateau in its performance in terms of competitiveness. Chile, despite having lost one place, is still the best positioned at 34th, followed by Panama at 40th. At the international level, Switzerland leads the Global Competitiveness Report for the fifth consecutive year, followed by Singapore and Finland.

Translated by Mariano Filippini.

Mabel Velástegui

Mabel Velástegui

Reporter for the PanAm Post, based in Guayaquil, Ecuador. Follow her on Twitter @mabelvelastegui.

Related Posts

The new socialist supremacisms: a maoist cultural revolution undermines the US
Columnists

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing
United States

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021
News

Maduro’s Trial Falls Behind Despite Coordination Between Interim Government and ICC

June 15, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Analysis

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021
Next Post

The Fight for Self-Ownership in Canada

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.