Home Business-newBusiness Mexico drops to number 56 in world competitiveness ranking

Mexico drops to number 56 in world competitiveness ranking

by Yucatan Times
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Mexico lacks “stable” public policies and that is why it loses competitiveness (IMD).

Mexico fell three positions in the World Competitiveness Ranking of the Institute for Management Development (IMD) 2024, which assesses 67 countries the ability to optimize their individual competencies to achieve long-term value creation for their businesses and their people.

To improve Mexico’s perspective in competitiveness and investment attraction, public policies must be implemented that provide stability to the country and improve the business environment, through the democratic framework, said Arturo Bris, director of the World Competitiveness Center of the International Institute. of Management Development (IMD).

Bris added that, currently, according to data from the IMD World Competitiveness Ranking 2024, Mexico occupies position 56 of the 67 economies analyzed and these results have their origin in the lack of certainty of public policies, as well as infrastructure problems.

Even in the six-year comparison, Mexico dropped five points in the competitiveness ranking, under the administration of President Andrés Manuel López Obrador, as it went from occupying 51st place in 2018 to the current 56th position, while in the previous editions In 2021 and 2022, respectively, the country settled in 55th place.

Mexico is located behind Chile and Puerto Rico in competitiveness, who today are in positions 44 and 49, respectively.

TYT Newsroom

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