MercoPress. South Atlantic News Agency
Brazil among the 50 most competitive nations according to WEF report
The increase in the use of mobile phones and internet users was one of the 12 factors considered for the competitiveness report For the first time, Brazil is among the group of the 50 most competitive nations in the world, says the Global Competitiveness Report, released by the World Economic Forum.
Brazil rose to the 48th position this year from 53rd in 2011. In two years, Brazil jumped ten positions. The study has been carried out since the 1970s, but Brazil was first included in 1995.
By using economic data and businessmen's opinions, the report aims to measure in what aspects countries are more efficient than others.
“Competitiveness isn't economic growth, it's about having the conditions to grow equally,” says Carlos Arruda, the coordinator of Dom Cabral Foundation's innovation department, responsible for the study in Brazil along with Movimento Brasil Competitivo (MBC).
Arruda says the ideal position for Brazil's economic size, considering all the regulatory obstacles, is among the top 30.
Among the 12 factors analyzed to draw up the classification, the area that is responsible for Brazil's jump refers to the country's macroeconomic conditions.
In that area, Brazil jumped from 115th to 62nd. That, however, is due to a change in the report's methodology: the indicator that refers to bank spread -in which Brazil ranked next-to-last last year- was excluded, because it cannot be compared equally in all countries.
The increase in mobile phone and internet users also helped, as well as businessmen's confidence that the Brazilian government is working to solve structural problems.
The opinions of 1.000 CEO of medium and large Brazilian companies that work in Brazil and abroad were surveyed between February and May.
Brazil was the only country among the BRICS (which also includes Russia, India, China and South Africa) to rank climb due to the world's slow growth. Brazil ranked above Portugal, one of the countries affected by the crisis in Europe.
Brazil also moved up a position in market size. It is now in the 9th position.
Top Comments
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Read all commentsWell done Brazil!
Sep 06th, 2012 - 07:12 am 0It is nothing but a silly WEF survey, not a real world competitiveness analysis. If Brazil is among the most competitive nations, then why do they need to raise huge protectionist tariffs on hundreds of imports? because their industries aren`t competitive, because there´s the “brazilian cost”.
Sep 06th, 2012 - 10:24 am 0@JoseAngeldeMonterrey
Sep 06th, 2012 - 12:52 pm 0In what world do you live mate?
All advanced countries in the world rise tariff, impose quotes, or use whatever they can to make really hard to enter into their market.
When Japanese don’t want lettuce into they market they simple don’t inspect the containers and let the Lettuce to get rotten.
When US don’t want to allow cookies from Argentina they simple take 8 months to fill the paper work in customs service. As there is a law that a product cannot get into US market with less than 6 month from expiration date, they simply send the cookies back to Argentina.
Only idiots and 3er world countries believe that free fair trade exists. Is what we tell to everybody outside Europe, US, Japan, etc.
So are you among the idiots or are you going to learn how the world works?
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