Centrum Católica presented the results of the 2018 Global Competitiveness Ranking of the Institute for Management Development (IMD) where Peru it is located in the 54th place, a better position than last year.
América Economía reported that the total score achieved by Peru is lower than the previous edition, since in 2017 it was 60.98, and in this year it is 60.24. It corresponds to an advance of one of the four pillars, in this case: efficiency in business.
This pillar measures the degree to which the national environment promotes companies to perform in an innovative, profitable and responsible manner.
However, the pillars who didn’t advance in Peru were: Economic Performance and Government Efficiency, which assess the domestic macroeconomic situation and the degree to which government policies lead to higher levels of competitiveness.
“The fourth pillar evaluated, Infrastructure, does not present changes, but a worrisome situation, because Peru remains in 61st place out of 63 countries”, América Economía said.
The Infrastructure pillar measures the degree to which basic, technological, scientific and human resources meet the needs of companies.
The Institute for Management Development (IMD), a recognized business school located in Switzerland and in partnership with Centrum Católica for the development of Peru, has developed the World Competitiveness Ranking since 1989.
The best position Peru has reached so far was in 2008 when it ranked in 35th place. Since then it has been dropping positions, until 2017 when the country went up one place.
(Cover Photo Wikimedia Commons)