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Jamaica ranked 94th on Global Competitiveness Index, poor work ethic a factor
2013-09-05 13:09:16 | (0 Comments)
Debbie-Ann Wright, News Editor - Radio
Jamaica has improved three places on the Global Competitiveness Index, now placing 94 out of 148 countries.
The country ranked 97th out of 144 countries last year and 107th out of 142 the previous year.
The World Economic Forumís 2013-2014 Global Competitiveness Report released yesterday looks at the set of institutions, policies and factors that determine the level of productivity of a country.
The level of productivity, in turn, sets the level of prosperity that can be reached by an economy.
The report notes that the most problematic factors for doing business in Jamaica are inefficient government bureaucracy and crime and theft.
The report also notes that corruption, tax rates, access to financing and the poor work ethic of the national labour force are also affecting the countryís competitiveness.
This yearís report places Switzerland at the top of the ranking for the fifth year running.
Singapore remains in second position and Finland in third.
Rounding out the top ten are Germany, the United States, Sweden, Hong Kong, Japan, the Netherlands and the United Kingdom.
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Source: The Gleaner/Power 106 News
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