This report was published at Weforum.org and this is a summary.
The global competitiveness report aims to mirror the business operating environment and competitiveness of over 140 economies worldwide. The report identify advantages as well as impediments to national growth. The WEF centre works with a network of partner institute as well as leading academics worldwide.
The report 2011-2012 comes out amid multiple challenges to the global economy and a continuing shift in the balance of economic activity away from advanced economies toward emerging economies.
The 12 pillars of competitiveness - Brazil`s rank
Institutions - 77º
Infrastructure - 64º
Macroeconomic Environment - 115º
Health and Primary Education - 87º
Higher Education and Training - 57º
Goods Market Efficiency - 113º
Labor Market Efficiency - 83º
Financial Market Development - 43º
Technological Readiness - 54º
Market Size - 10º
Business Sophistication - 31º
Innovation - 44º
Brazil improves five places to rank 53º overall, the country benefits from several competitiveness strenghts, including one of the world`s largest market and a sophisticated business environment thus allowing for important economies of scale and scope. Moreover, the country has an efficient financial market and a high rate of technological adoption and innovation in the region. On a less positive note, Brazil still suffers from weaknesses that hinder its capacity to fulfill its tremendous potential. The lagging quality of its infrastructure, its macroeconomic imbalances, the poor quality of its educational system, the rigidities in the labor market and insuficient progress to boost competition are areas of increasing concern.
