Greece a non­mover in com­pet­i­tive­ness chart

Kathimerini English - - Focus - DIM­I­TRA MANIFAVA

Greece ranks 81st among 140 states in the global com­pet­i­tive­ness chart drafted an­nu­ally by the World Eco­nomic Fo­rum, re­main­ing in the same spot as last year – although in 2014 it was 81st out of 144 states.

The struc­tural prob­lems of the Greek econ­omy com­bined with the pro­longed re­ces­sion do not al­low for the uti­liza­tion of its as­sets, such as its highly skilled hu­man re­sources.

Prob­lems such as the chronic ob­sta­cles of the Greek public ad­min­is­tra­tion, from bu­reau­cracy to de­lays in jus­tice, and the ad­verse in­ter­na­tional cli­mate have kept Greece at the bot­tom of the list of Euro­pean Union coun­tries, trail­ing even the new­est EU mem­ber-states.

Greece’s neg­a­tive fis­cal state has pre­dictably led to a loss of com­pet­i­tive­ness, as the coun­try ranks 139th – i.e. sec­ond to last – ac­cord­ing to the cri­te­rion of “gen­eral gov­ern­ment debt,” and 134th ac­cord­ing to “ac­cess to fund­ing.”

It also ranks 128th in good use of public ex­pen­di­ture and 132nd in the ef­fi­ciency of jus­tice in re­solv­ing dif­fer­ences.

Tax­a­tion is another coun­ter­in­cen­tive for in­vest­ment in Greece, tak­ing the coun­try to fifth from bot­tom (136th).

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