NewsWhore
09-08-2009, 04:30 PM
The DR jumped up three spots in the World Economic Forum's Global Competitiveness Report 2009-2010, going from 98th on the list to 95th of 133 countries. The news was announced by Andres Van der Horst Alvarez, who is the director of the National Competitiveness Council. Van der Horst said that of the 12 pillars of the WEF Report, the DR made significant improvements in 8 areas.
The report identified that the most problematic factors for doing business in the DR are corruption, access to financing, tax rates, inefficient government bureaucracy and an inadequately educated workforce.
The DR is ranked in the top half of the 133-country list in the areas of:
Institutions: Business costs of terrorism 55
Infrastructure: Quality of port infrastructure 58, quality of air transport infrastructure 36, available seat kilometers 50
Macro-economic stability: Government surplus/deficit 65, government debt 40
Higher education and training: tertiary enrollment 64, local availability of research and training services 63
Good market efficiency: Total tax rate 49, No. of procedures to start a business 60, time required to start a business 56, prevalence of foreign ownership 29, business impact of rules on FDI 62, Burden of customs procedures 45
Labor market efficiency: Cooperation in labor-employer relations 35, flexibility of wage determination 37, rigidity of employment 49, hiring and firing practices 60, female participation in labor force 63
Financial and market sophistication: Restriction on capital flows 65, soundness of banks 59
Technological readiness: Laws relating to ICT 62, FDI and technology transfer 36, Internet users 62
Market size: Domestic market size index 66,
Business sophistication: Local supplier quantity 65, state of cluster development 63, value chain breadth 62, control of international distribution 56, extent of marketing 50,
Innovation: Government procurement of advanced tech products 63
The DR is ranked in the bottom 10 in:
Institutions:
Diversion of public funds 127, favoritism in decisions by government officials 133, wastefulness of government spending 132
Infrastructure: quality of electricity supply 130
Health and primary education: Quality of primary education 132
Higher education and training: Quality of math and science education 131, Quality of the educational system 129
The scorecard rates the performance of the Fernandez administration that has been in office since 2004.
For the DR scorescard, see dr1.com/news/2009/090809_competitiveness_index_report.pdf (http://dr1.com/news/2009/090809_competitiveness_index_report.pdf)
To download the entire report, see www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm (http://www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm)
More... (http://www.dr1.com/index.html#2)
The report identified that the most problematic factors for doing business in the DR are corruption, access to financing, tax rates, inefficient government bureaucracy and an inadequately educated workforce.
The DR is ranked in the top half of the 133-country list in the areas of:
Institutions: Business costs of terrorism 55
Infrastructure: Quality of port infrastructure 58, quality of air transport infrastructure 36, available seat kilometers 50
Macro-economic stability: Government surplus/deficit 65, government debt 40
Higher education and training: tertiary enrollment 64, local availability of research and training services 63
Good market efficiency: Total tax rate 49, No. of procedures to start a business 60, time required to start a business 56, prevalence of foreign ownership 29, business impact of rules on FDI 62, Burden of customs procedures 45
Labor market efficiency: Cooperation in labor-employer relations 35, flexibility of wage determination 37, rigidity of employment 49, hiring and firing practices 60, female participation in labor force 63
Financial and market sophistication: Restriction on capital flows 65, soundness of banks 59
Technological readiness: Laws relating to ICT 62, FDI and technology transfer 36, Internet users 62
Market size: Domestic market size index 66,
Business sophistication: Local supplier quantity 65, state of cluster development 63, value chain breadth 62, control of international distribution 56, extent of marketing 50,
Innovation: Government procurement of advanced tech products 63
The DR is ranked in the bottom 10 in:
Institutions:
Diversion of public funds 127, favoritism in decisions by government officials 133, wastefulness of government spending 132
Infrastructure: quality of electricity supply 130
Health and primary education: Quality of primary education 132
Higher education and training: Quality of math and science education 131, Quality of the educational system 129
The scorecard rates the performance of the Fernandez administration that has been in office since 2004.
For the DR scorescard, see dr1.com/news/2009/090809_competitiveness_index_report.pdf (http://dr1.com/news/2009/090809_competitiveness_index_report.pdf)
To download the entire report, see www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm (http://www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm)
More... (http://www.dr1.com/index.html#2)