We define competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country.
The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy. In other words, more-competitive economies tend to be able to produce higher levels of income for their citizens.The productivity level also determines the rates of return obtained by investments in an economy. Because the rates of return are the fundamental drivers of the growth rates of the economy, a more-competitive economy is one that is likely to grow faster in the medium to long run.
Comparing the key complications for doing business in Central America gives us insight to better face and eliminate them on a national level, as to direct our regional investments more efficiently.
Source: CentralAmericaData.COM
More on this topic
November 2010
Position in 2010 Rankings: Panama 72 (62 in 2009), El Salvador 86 (80), Guatemala 101 (100), Nicaragua 117 (119), Costa Rica 125 (121), Honduras 131 (128).
With the exception of Nicaragua, which rose two places, the Doing Business 2011 ranking shows that easiness of doing business in the Central American countries has deteriorated, at least in relation to other countries.
September 2008
If you are thinking of starting a business in Latin America, arm yourself with patience.
It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand.
According to a new report by the World Bank's International Finance Corp., several Latin American countries continue to be among the world champions of bureaucracy, while Eastern European, Asian and African countries are moving much faster to reduce government red tape, making it easier for its people to start new businesses.
April 2010
The industry ministry teamed up with Citibank to develop “Doing Business in Panama”, a business guide.
It includes information and tips on laws, structures, and other topics necessary when establishing foreign companies in Panama.
Roberto Henríquez, Commerce Ministry, explained that the document, that will be available in all Citi branches in the country, will explain investors Panama’s benefits in logistics, financial services, agricultural exports and tourism.
September 2010
The WEF 2010-2011 report indicates that Guatemala has become more competitive in the last 12 months.
The Global Competitiveness Report 2010-2011 released by the World Economic Forum (WEF) ranks Guatemala in position 78 this year compared to 80 in 2009-2010.
Crime and theft, corruption, policy instability, inefficient government bureaucracy and inadequate supply of infrastructure were mentioned as being the most problematic factors for doing business in Guatemala.
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