Wednesday, September 9, 2009

Costa Rica improves it's global competitiveness

Costa Rica has improved its position in the Global Competitiveness report by 4 places.

The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin and introduced in 2004.

The GCI is based on 12 measures competitiveness, providing a comprehensive assessment of the competitiveness landscape in countries around the world at all stages of development.

The 12 measures are:
  • Institutions,
  • Infrastructure,
  • Macroeconomic Stability,
  • Health and Primary Education,
  • Higher Education and Training,
  • Goods Market Efficiency,
  • abour Market Efficiency,
  • Financial Market Sophistication,
  • Technological Readiness,
  • Market Size,
  • Business Sophistication,
  • Innovation.

Costa Rica ranks 55th worldwide and ranks second only to Chile in Central and Southern America beating its, perhaps better known, neighbour Panama by 8 places.

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