Panama falls 9 spots on competiveness ladder
Panama dropped nine places to 64th of 140 countries in the latest edition of the Global Competitiveness Index prepared by the World Economic Forum.
in Latin America and the Caribbean, where it was once a leader. it has to settle this year with the seventh position in the regional classification, behind Chile (33), Mexico (46), Uruguay (53 ), Costa Rica (55), Colombia (60) and Peru (63).
The report evaluates the factors that determine the level of productivity of a country This year presents a new methodology that incorporates the fourth industrial revolution.
The World Economic Forum considered the fourth industrial revolution in the measurement of the ranking “because it produces an acceleration of the innovation cycles and causes business models to become obsolete quickly, this dynamic process generates opportunities for new participants and reduces barriers to transfer technology or innovate, and also presents challenges, where countries must establish appropriate mechanisms to reduce the risk of new
financial crises and to control the socio-economic effects of innovation “, highlights the CNC. Panama obtained its best positions in the pillars of health, financial system, and macroeconomic stability, while the pillars with less competitiveness are the labor market, institutions and the adoption of information technology.
The world ranking is led by the United States, followed by Singapore, Germany, Switzerland, Japan, the Netherlands, Hong Kong, the United Kingdom, Sweden, and Denmark.
