Tuesday, September 14, 2010

The Global Competitiveness Report 2010-2011 [Botswana slips to 76th spot)

The Global Competitiveness Report 2010-2011 released by the World Economic Forum recently . The United States falls two places to fourth position, overtaken by Sweden (2nd) and Singapore (3rd). The Nordic countries continue to be well positioned in the ranking, with Sweden, Finland (7th) and Denmark (9th) among the top 10, and with Norway at 14th. Sweden overtakes the US and Singapore this year to be placed 2nd overall. The United Kingdom, after falling in the rankings over recent years, moves back up by one place to 12th position.

Botswana is ranked 76 compared to last year's 66. Problematic factors which contribute to this level of competitiveness include poor work ethic, inadequately educated workforce, inefficient government bureaucracy, access to financing, inadequate infrastructure, restrictive labor regulations, inflation, corruption, crime, poor public health; policy instability, etc. Click here for the full report.

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