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)
Now that you're here:
We're asking you, our reader, to make a contribution in support of our digital guide in order to keep informing, updating and inspiring people to visit Peru. Why now? In our near 20-year journey as the leading English-language source on travel in Peru, we've had our fair share of ups and downs-but nothing quite like the challenges brought forth in the first quarter of 2020.
By adapting to the changing face of the tourism and travel industry (on both local and international levels), we have no doubt we will come out stronger-especially with the support of our community. Because you will travel again, and we will be ready to show you the best of Peru.
Your financial support means we can keep sharing the best of Peru through high-quality stories, videos and insights provided by our dedicated team of contributors and editors based in Peru. And of course, We are here to answer your questions and help whenever you need us.
As well, it makes possible our commitment to support local and small businesses that make your visit an unforgettable one. Your support will help the people working in these industries get back on their feet once the world allows us to make our dream of enjoying everything Peru has to offer a reality again-from its mouthwatering gastronomy, thriving Amazon and archaeological wonders such as Machu Picchu.
Together, we will find a way through this. As a member of our community, your contribution, however big or small, is valuable.