Wednesday 28 September 2016

How can Latin America escape it's middle-income trap? (Daniel Gomez Gaviria, WEF)

This year’s Global Competitiveness Report has good, bad and ugly news for Latin America and the Caribbean. The top performing country in the region remains Chile (33th), rising two places in the rankings, followed by Panama (42th), which moves up eight places. Costa Rica falls slightly to 54th, while Mexico (51st) moves up six. In fact, 4 of the top 10 highest movers this year come from the Latin America and Caribbean region: Jamaica, Panama, Dominican Republic, and Mexico. Among the economies falling in the ranking are El Salvador, Ecuador, Brazil, Trinidad and Tobago, and Bolivia.

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