Costa Rica Ranked Number Three in Latin America

From :

costaricaviews.com

Costa Rica Ranked Number Three in Latin America

In the 2008-2009 edition of the Global Competitiveness Report, Costa Rica was given the number three spot in Latin America. Chile was the highest ranked country in Latin America, followed by Panama, while Mexico was given a close 4^th place.

Rankings for the Global Competitiveness report are calculated from data which has been made available to the public, as well as from the Executive Opinion Survey (EOS). The EOS is an extensive annual survey which is conducted by the World Economic Forum and its network of Partner Institutes from the countries covered in the report. Over 12,000 business leaders were polled for this report on approximately 134 economies.

Leading the overall rankings is The United States of America, followed closely by Switzerland who is ranked second, Denmark, Sweden and Singapore. European economies seem to be doing well as Finland, Germany and the Netherlands claim the sixth, seventh and eighth spots respectively; however the United Kingdom has dropped out of the top 10 primarily due to its weakening financial markets. Japan and Canada have reserved the ninth and tenth overall positions.

The People’s Republic of China has increased its rankings, most likely due to the incredible economic development from the 2008 Olympics. China is now ranked in the top 30 overall. Other Asian economies have performed well, with Japan, Taiwan, Hong Kong SAR, and the Republic of Korea all making the top 20.

The Global Competitiveness Report contains a detailed economic profile for each of the 134 countries outlined in the study. It provides a comprehensive summary of the overall position in rankings as well as the strength and weakness of each economy.

Selected countries have been chosen this year as topics of interest for discussion in the report. The United Kingdom, Costa Rica and Saudi Arabia have all been given an in-depth analysis of the factors contributing to their national competitiveness.

~Stephanie Casanova