Mexico: The Only Country Increasing Its Competitiveness in Latin America
Within Latin America, Mexico is the only country in Latin America that has increased its world competitiveness, according to the IMD’s 2012 World Competitiveness Yearbook (WCY). While Mexico climbed one position from #38 to #37 on the list, Chile dropped to #28 from #25 and Brazil also slipped from #44 to #46, compared to last year’s rankings. IMD’s 2012 WCY rankings measure how well countries manage their economic and human resources to increase their prosperity.
"US competitiveness has a deep impact on the rest of the world because it is uniquely interacting with every economy, advanced or emerging. No other nation can exercise such a strong "pull effect" on the world. Europe is burdened with austerity and fragmented political leadership and is hardly a credible substitute, while a South-South bloc of emerging markets is still a work in progress,” said Professor Stephane Garelli, director of IMD's World Competitiveness Center in a press release issued by the IMD.
Despite all its setbacks, the US remains at the center of world competitiveness because of its unique economic power, the dynamism of its enterprises and its capacity for innovation. Other nations leading the rankings include Hong Kong, Switzerland, Singapore and Sweden.
Mexico is today at the heart of the global economic recovery and growth eyes of the world’s leaders. As UK’s Prime Minister David Cameron, stated in a recent video around the G20 Summit, “Mexico is joining the global elite of world economic powers, not just as a brilliant host of the G20, but as a major force in its own right.” Speaking on the Mexican people, Prime Minister David Cameron also said, “Its people are becoming ever more influential in every part of the global community.”
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