Chile and Peru are the most competitive economies in Latin America, while Venezuela and Argentina remain the least competitive.
BY CHRONICLE STAFF
Brazils economy has become more competitive, while Mexicos has become less so, according to the latest World Competitiveness Yearbook from Swiss-based business school IMD.
Brazil, Latin Americas largest economy, jumped six spots to 43rd place out of 55 countries. That was an improvement over its previous ranking of 49 out of 55 countries in last years survey.
Brazils improvement was largely due to a jump of 11 places in the category on business efficiency - from 40 last year to 29 this year. That made Brazil the second-best country in this category. Brazil also improved its ranking in economic performance (up six spots to 41st place) and government efficiency (up three spots to 51st place). These improvements helped offset a decline in infrastructure - where Brazil fell one spot to 50th place.
PERU AND MEXICO
Peru made a splashing debut on the IMD survey by capturing the second spot on the Latin American ranking. Globally, it now ranks in 35th place, ahead of countries like Portugal and the Philippines. Peru even beats...
Keywords: Argentina, Chile, Colombia, Mexico, Venezuela