Peru claimed the 63th spot out of 140 countries in the
Global Competitiveness Report 2018, published by the World Economic Forum (WEF), Economy and Finance Ministry (MEF) informed Wednesday.
Furthermore, the Inca country remains sixth among Latin American countries, after Chile (33rd place), Mexico (46th), Uruguay (53rd), Costa Rica (55th), and Colombia (60th).
Given that competitiveness is a multi-dimensional and multi-sector concept, Economy and Finance Minister Carlos Oliva said solutions proposed by the public sector could be more effective if they were the result of a close and collaborative work with the private sector and the academy.
Pillars
The report mapped the competitiveness of global economies using 98 indicators organized into 12 pillars.
Peru is placed in the first half of the ranking in five of these pillars.
For instance, the Inca country holds the first position —along with other 30 nations— in terms of Macroeconomic Stability.
On the other hand, Peru ranks 32nd in Health, 49th in Market Size, 50th in Product Market, and 63rd in Financial System.
The South American nation places 72nd in Labor Market, 83rd in Skills, and 85th in Infrastructure.
"The National Competitiveness and Productivity Policy —developed by the Economy and Finance Ministry— will include measures to boost new WEF competitiveness pillars within its strategic goals," the official explained.
Emphasis will be placed on pillars in which the country experienced poor performance, such as Innovation Capacity (89th), Institutions (90th), Business Dynamism (92nd), as well as Information and Communications Technology (ICT) Adoption (94th).
(END) MDV/MDV/DTK/RMB
Publicado: 17/10/2018