Weak investments, exports hurt LatAm competitiveness - WEF
Latin America remains hindered by obstacles that range from weak investments to a drop in exports and commodity prices, and tighter access to the financing that largely fueled growth in recent years, according to the World Economic Forum (WEF).
The region's growth will drop to 2.5% this year, said WEF in its Global Competitiveness Report 2014-2015.
To recover the positive economic momentum of the past few years, the region must implement structural reforms to improve market functionality and invest in infrastructure, skills development and innovation.
Additionally it needs to boost productivity and improve its overall competitiveness, according to the report.
Chile remained the most competitive country in the region, ranking 33rd of 144 countries and moving up one place over last year. The country's most notable and traditional strengths include a stable institutional setup (28th), low levels of corruption (25th), an efficient government (21st), and a positive macroeconomic environment (22nd).
Yet the country must diversify its economy by moving toward more knowledge-based activities, considering the decline in the price of minerals.
Panama followed close behind, ranking 48th. Paraguay, Venezuela and Haiti ranked the lowest at 119th, 131st and 137th, respectively.
Argentina, struggling with its sovereign debt debacle, also ranked poorly at 104, flat over 2013.
Regional powerhouses Brazil and Mexico ranked 57th and 61st, respectively, dropping from 56th and 55th the year prior.
In Brazil, the most problematic factor for doing business is tax and labor regulations, and infrastructure, the report reveals.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Argentina)
Argentina’s Grupo Albanesi: ‘We’re in a very solid competitive position’
BNamericas talks to Osvaldo Cado, finance manager and director of electric power generator Grupo Albanesi.
Research reveals that Chile could obtain annual benefits greater than US$5.2mn from cross-border solar energy trade
In the search for a sustainable and diversified energy matrix, Chile is positioned as a crucial player in cross-border electricity trade.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Argentina)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Villa Ángela solar park
- Current stage:
- Updated:
1 week ago
- Project: Villa Ángela V Solar Park
- Current stage:
- Updated:
2 weeks ago
- Project: Villa Ángela IV Solar Park
- Current stage:
- Updated:
2 weeks ago
- Project: Villa Ángela II Solar Park
- Current stage:
- Updated:
2 weeks ago
- Project: Villa Ángela III Solar Park
- Current stage:
- Updated:
2 weeks ago
- Project: El Tambolar multipurpose hydroelectric plant
- Current stage:
- Updated:
2 weeks ago
- Project: Buenos Aires Wind Farm
- Current stage:
- Updated:
3 weeks ago
- Project: Néstor Kirchner-Jorge Cepernic hydro project (ex Cóndor Cliff-Barrancosa)
- Current stage:
- Updated:
3 weeks ago
- Project: General Levalle wind and solar hybrid complex
- Current stage:
- Updated:
3 weeks ago
- Project: General Levalle Photovoltaic Park
- Current stage:
- Updated:
3 weeks ago
Other companies in: Electric Power (Argentina)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Transcomahue S.A.  (Transcomahue)
-
Transcomahue S.A. is an Argentinian electric transmission company owned by the state of Rio Negro. It was incorporated in 1998 and is the concessionary of the 132Kv tension netw...
- Company: Henisa Sudamericana S.A.  (Henisa Sudamericana)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Grupo Eling S.A.  (Grupo Eling)
-
Grupo Eling S.A. (Grupo Eling) is an Argentine holding company established in 2009 active in diverse business sectors. In the infrastructure sector, its main company Electroinge...
- Company: Empresa Constructora Rigel S.R.L.  (Rigel)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Molinos Río de La Plata S.A.
- Company: Norton Rose Fulbright US LLP
- Company: Trina Solar Argentina