NewsWhore
02-13-2009, 03:10 PM
The Global Competitiveness Report 2008-2009 directed by Klaus Schwab of the World Economic Forum and Michael E. Porter of Harvard University has been released, and reads like an ice-cold shower for the Dominican Republic.
In the Global Competitiveness Index Rankings, the DR is ranked 98th, with a 3.72 score. In Latin America it has only fared better than Suriname, Ecuador, Venezuela, Guyana, Bolivia and Nicaragua (Haiti is not ranked). The DR's score dropped from 96th in the previous report. In the region, Chile is 28th, Puerto Rico 41st and Barbados 47th. Then follows Panama in 58th place, Costa Rica in 59th, Mexico in 60th, and Brazil in 64th, also in the top half of the rankings.
The Dominican economy is presented as made up of 12.4% agriculture, 10.3% non-manufacturing industry, 15.1% manufacturing industry and 62.1% services to GDP.
The DR's Global Competitiveness Index has been dropping consistently. The GCI 2008-2009 rank is 98 out of 134, compared to 96th in GCI 2007-2008 and 93rd out of 122 for GCI 2006-2007.
The DR ranks 99th in basic requirements, the result of a breakdown of: 119th in institutions, 81st in infrastructure, 78th macro-economic stability, 106th in health and primary education. In the area of efficiency enhancers, the DR is in 90th place. It is 99th in higher education and training, 86th in goods market efficiency, 86th in labor market efficiency, 101st in financial market sophistication, 73rd in technological preparedness and 72nd in market size. In areas of innovation and sophistication factors, it is 86th overall, the result of being 75th in business sophistication and 103rd in innovation.
The main obstacles to doing business in the country are corruption, tax rates, an inadequately educated workforce, tax regulations, inefficient government bureaucracy, policy instability, poor work ethic in national labor force, access to financing, inadequate supply of infrastructure, inflation, poor public health, crime and theft, restrictive labor regulations and foreign currency regulations.
The report focuses on key factors that determine economic growth, and explains why some countries are much more successful than others in raising income levels and opportunities for their people, and provides policymakers and business leaders with an important tool in the formulation of improved economic policies and institutional reforms. The 2008-2009 Report features 134 economies and is acknowledged as the most comprehensive assessment of the productive potential of nations worldwide, with global rankings covering 100 indicators. The Global Competitiveness Index provides a comprehensive picture of all the factors, institutions and policies that determine a nation's productivity and prosperity.
See the report at http://dr1.com/news/2009/021309_competitiveness_report.pdf
More... (http://www.dr1.com/index.html#9)
In the Global Competitiveness Index Rankings, the DR is ranked 98th, with a 3.72 score. In Latin America it has only fared better than Suriname, Ecuador, Venezuela, Guyana, Bolivia and Nicaragua (Haiti is not ranked). The DR's score dropped from 96th in the previous report. In the region, Chile is 28th, Puerto Rico 41st and Barbados 47th. Then follows Panama in 58th place, Costa Rica in 59th, Mexico in 60th, and Brazil in 64th, also in the top half of the rankings.
The Dominican economy is presented as made up of 12.4% agriculture, 10.3% non-manufacturing industry, 15.1% manufacturing industry and 62.1% services to GDP.
The DR's Global Competitiveness Index has been dropping consistently. The GCI 2008-2009 rank is 98 out of 134, compared to 96th in GCI 2007-2008 and 93rd out of 122 for GCI 2006-2007.
The DR ranks 99th in basic requirements, the result of a breakdown of: 119th in institutions, 81st in infrastructure, 78th macro-economic stability, 106th in health and primary education. In the area of efficiency enhancers, the DR is in 90th place. It is 99th in higher education and training, 86th in goods market efficiency, 86th in labor market efficiency, 101st in financial market sophistication, 73rd in technological preparedness and 72nd in market size. In areas of innovation and sophistication factors, it is 86th overall, the result of being 75th in business sophistication and 103rd in innovation.
The main obstacles to doing business in the country are corruption, tax rates, an inadequately educated workforce, tax regulations, inefficient government bureaucracy, policy instability, poor work ethic in national labor force, access to financing, inadequate supply of infrastructure, inflation, poor public health, crime and theft, restrictive labor regulations and foreign currency regulations.
The report focuses on key factors that determine economic growth, and explains why some countries are much more successful than others in raising income levels and opportunities for their people, and provides policymakers and business leaders with an important tool in the formulation of improved economic policies and institutional reforms. The 2008-2009 Report features 134 economies and is acknowledged as the most comprehensive assessment of the productive potential of nations worldwide, with global rankings covering 100 indicators. The Global Competitiveness Index provides a comprehensive picture of all the factors, institutions and policies that determine a nation's productivity and prosperity.
See the report at http://dr1.com/news/2009/021309_competitiveness_report.pdf
More... (http://www.dr1.com/index.html#9)