Mexico, the only Latin American Country to improve its competitiveness: IMD

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Press Release no. 127/12
Mexico City, May 31 2012.

Mexico has climbed 10 places in just 2 years in the World Competitiveness Ranking produced by the International Institute for Management Development (IMD) published today and which analyzes how nations conduct their economic and human resources to increase prosperity.
In this new 2012 edition, Mexico occupies 37th place, improving one place since the 2011 edition. The IMD emphasized that Mexico was the only country in Latin America to improve its competitiveness ranking in the 2012 edition, placing above countries like Turkey (38), Brazil (46), Russia (48) and South Africa (50).
The report analyzes 59 major world economies and its approach considers 329 criteria organized into four factors: economic performance, government efficiency, efficiency for doing business and infrastructure development. The study has been made since 1989 by the IMD World Competitiveness Center, the prestigious business school located in Switzerland.
The improvement in Mexico's IMD ranking confirms the country's upward trend in the latest editions of the main international competitiveness reports, notably, the Global Competitiveness Report of the World Economic Forum, which in its 2011-2012 edition reported a climb of eight places from 66 to 58 out of the 142 nations evaluated.
In addition, the World Bank's Doing Business 2012 report, which measures ease of doing business, put Mexico in 53rd place (out of 182 countries evaluated), improving its position from the 2011 edition.



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