Mexico's Competitiveness Leads to Increase in World Economic Forum Ranking

Mexico’s ranking on the Global Competitiveness Report by the World Economic Forum (WEF) has increased eight spots, no easy feat considering that the fluctuation of these rankings tend to be low. Mexico's improvement can be attributed to changes made to "boost competition and facilitate entrepreneurship by reducing the number of procedures and the time it takes to start a business. The report also mentions Mexico’s large internal market size, sound macroeconomic policies, technological adoption, and a decent transport infrastructure as helping it to move up in the WEF Report."

The Americas Quarterly writer Arjan Shahani makes additional observations and recommends ways Mexico can continue to improve its business and economic rank.

Photo credit: Focus on Mexico