Argentina has nothing to envy to the ranking of the most competitive countries in the world

Spain remains at the 36th position on the list of the most competitive countries in the world, according to the latest "global ranking of competitiveness", established each year by the IMD School of Management and leading Singapore after dethroning the United States. United, it comes back to third place, while Hong Kong repeats in second place.

According to the results of the ranking of 2019, the Spanish economy continues to be dampened by unemployment, the limitation of the entrepreneurial spirit, the necessary digital transformation of businesses and the limited command of other languages.

On the contrary, the latest edition shows that the main badets of Spain are related to the quality of life (high life expectancy, medical infrastructure, security) and the formation of the group of engineers.

Experts from the World Competitiveness Center at IMD have thus taken up the current challenge for Spain to strengthen the sustainability of the medium and long-term fiscal system (including pension system reform), to further develop aligned with the needs of companies, promote their internationalization, reduce excessive regulations and promote the digitization and adoption of innovative technologies in various business sectors.

Overall results

Overall, Singapore has surpbaded the United States and is at the top of the list thanks to its advanced technological infrastructure, the availability of skilled labor, favorable immigration laws, and effective forms of creating new businesses.

The United States, while continuing to dominate infrastructure and economic performance, is losing its preferred position due to rising fuel prices, declining exports of high-tech products, and rising prices. the value of the dollar. .

Hong Kong in turn maintains its second position, aided by a favorable environment of fiscal and commercial policy and access to corporate finance.

The other top 10 places are occupied by Switzerland (4), the United Arab Emirates (5), the Netherlands (6), Ireland (7), Denmark (8), Sweden (9) and Qatar (10). He managed to get into the top 10 for the first time since 2013.

On the other hand, Venezuela remains anchored in last position, occupying the 63rd position due to the political and economic crisis and the impact of inflation, low access to credit and weakness. of the economy.

In turn, Mongolia is in the 62nd position of the ranking while Argentina loses five places compared to the last edition and is in the penultimate place.

DPA / Europa Press Agency