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Latin America becomes more competitive
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The World Economic Forum has recently published its 2012 Global Competitiveness Report. It states that more than half of the countries in the region have achieved a better ranking this year than last.
This significant growth owes to, amongst other factors, high international demand for local raw materials, especially from China and other Asian countries, together with sound macroeconomic management in most Latin American Countries.
This recent publication has bought these significant local advances to the fore. Chile remains the most competitive country in Latin America thanks to its sound macroeconomics and low levels of debt. Panama finds itself in a similar position, with significant improvements in education.
Other Latin American nations such as Brazil, Mexico, Costa Rica and Peru have also shown improvements thanks to sound macroeconomic management, continued economic growth, investment in infrastructure and lower poverty rates.
In total, 10 of Latin America’s 19 economies have registered improvements in their levels of competitiveness; significant improvements in some cases such as Ecuador which leapt 15 places up the chart, along with Panama that went up nine and Nicaragua seven.
ChallengesThe report also detailed the challenges still facing Latin America if it is to maintain its position as a leading region, a position it has enjoyed for this past decade. These challenges are mostly to be found in infrastructure, the strength of its institutions and the quality of education.
The forum reported that at this stage, Latin America must boost its competitiveness by increasing each country’s output, and thus ensure the sustainability of the significant
improvements achieved to date.The XLVI Annual Felaban
Assembly, Lima 2012, will provide without doubt, an
excellent opportunity to appreciate
the strengths and expectations of Latin America’s
economies.
To keep in mind More Meeting RoomsThe announcement of the XLVI Annual Felaban Assembly, Lima 2012, has proved highly successful, with demand exceeding initial expectations. This has lead to 4 new 28 metres squared meeting rooms being made available. Contact us to make your reservation
Hotel rooms running outThere are still 528 rooms available at the promotional rate in the satellite hotels. Visit our webpage (www.asambleafelaban2012.com)
to take your pick.
Follow us on TwitterFrom September 15 our Twitter account will be functioning. Follow @felabanenlima to keep yourself up to date with all the preparations and happenings of Latin America’s most important financial sector gathering.
Latin America becomes more competitive
N° 11
September 11th 2012
Most of the countries in the region are showing significant improvements according to the World Economic Forum’s latest Global Competitiveness Report.
For further information visit: www.asambleafelaban2012.com
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