Name the five most important latium with ther value
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Chile remains the most competitive economy in Latin America, with a strong institutional set-up, low levels of corruption and an efficient government. It also boasts solid macroeconomic stability with a small public deficit and low public debt. Although there are some rigidities in its labour market due to persistently high redundancy costs, its markets are on the whole efficient. The decline in the price of minerals, however, highlights the need for Chile to diversify its economy and move towards more knowledge-based activities. Flaws in the country’s education system, especially in mathematics and science, mean the workforce generally lacks the skills required for innovation and this, together with low levels of investment in innovation, could jeopardize Chile’s transition towards a knowledge-based economy.
2. Panama again follows Chile in the regional rankings and remains the most competitive economy in Central America, despite a fall in the global rankings driven by a slight dip in perceptions of its institutions, especially regarding its ability to fight corruption. There are also concerns about a skill shortage, which threatens to undermine Panama’s transition towards more knowledge-intensive activities. However, the country has an impressive infrastructure, with some of the best port and airport facilities in the world, and it is proving to be a strong adopter of technology.
3. Costa Rica continues to rise in the rankings, improving three positions in the past year thanks to a very stable profile and strong institutions. It has one of the best education systems in the region, a fairly high ICT uptake and a reasonably well-developed capacity to innovate, making it well-placed to move towards knowledge-based activities. However, some persistent weaknesses are holding back its overall competitiveness. These include poor transport infrastructure, difficulties accessing finance, concerns about its macroeconomic performance and high budget deficit.
4. Barbados has slipped eight places down the global rankings, as it continues to suffer the consequences of the global financial crisis. Within the region it ranks fourth for overall competitiveness. The credit crunch is severely hindering the capacity of local businesses to finance their activities or develop innovative projects. Concerns about macroeconomic conditions also persist, as Barbados has one of the highest public deficits in the world, one of the lowest savings rates and high public debt. The country does, however, have a fairly skilled labour force thanks to a high-quality education system and high enrolment rates in secondary and tertiary education. It also has solid infrastructure and generally well-functioning institutions.
5. Brazil drops one position in the rankings this year to 57th globally, due to insufficient progress in fixing its poor transport infrastructure, and a perceived deterioration in the functioning of its institutions. It has had a weaker macroeconomic performance this year and a further tightening of access to financing. Its poor education system is still failing to provide workers with the necessary skills for an economy in transition to more knowledge-based activities. The country has also faced headwinds due to a drop in the international price of commodities and potential outflows of capital. That said, Brazil has significant strengths, most notably its large market size and its fairly sophisticated business community, with pockets of innovation excellence in many research-driven, high-value-added activities.
2. Panama again follows Chile in the regional rankings and remains the most competitive economy in Central America, despite a fall in the global rankings driven by a slight dip in perceptions of its institutions, especially regarding its ability to fight corruption. There are also concerns about a skill shortage, which threatens to undermine Panama’s transition towards more knowledge-intensive activities. However, the country has an impressive infrastructure, with some of the best port and airport facilities in the world, and it is proving to be a strong adopter of technology.
3. Costa Rica continues to rise in the rankings, improving three positions in the past year thanks to a very stable profile and strong institutions. It has one of the best education systems in the region, a fairly high ICT uptake and a reasonably well-developed capacity to innovate, making it well-placed to move towards knowledge-based activities. However, some persistent weaknesses are holding back its overall competitiveness. These include poor transport infrastructure, difficulties accessing finance, concerns about its macroeconomic performance and high budget deficit.
4. Barbados has slipped eight places down the global rankings, as it continues to suffer the consequences of the global financial crisis. Within the region it ranks fourth for overall competitiveness. The credit crunch is severely hindering the capacity of local businesses to finance their activities or develop innovative projects. Concerns about macroeconomic conditions also persist, as Barbados has one of the highest public deficits in the world, one of the lowest savings rates and high public debt. The country does, however, have a fairly skilled labour force thanks to a high-quality education system and high enrolment rates in secondary and tertiary education. It also has solid infrastructure and generally well-functioning institutions.
5. Brazil drops one position in the rankings this year to 57th globally, due to insufficient progress in fixing its poor transport infrastructure, and a perceived deterioration in the functioning of its institutions. It has had a weaker macroeconomic performance this year and a further tightening of access to financing. Its poor education system is still failing to provide workers with the necessary skills for an economy in transition to more knowledge-based activities. The country has also faced headwinds due to a drop in the international price of commodities and potential outflows of capital. That said, Brazil has significant strengths, most notably its large market size and its fairly sophisticated business community, with pockets of innovation excellence in many research-driven, high-value-added activities.
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